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Retirement Assets

A gift of your IRA, 401(k), 403(b), pension or other tax-deferred retirement plan is an excellent way to make a gift. If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift and help support deserving students at Portland State.

How to transfer your retirement assets

Did you know that 50 percent to 60 percent of your retirement assets may be taxed if you leave them to your heirs at your death? A better option may be to leave your heirs assets that receive a step up in basis (such as real estate and stock) and give your retirement assets to the PSU Foundation. As a not-for-profit organization, the Foundation is not taxed upon receiving retirement assets at your death so PSU benefits from the full value of your gift.

Your retirement assets may be transferred to PSU by completing a beneficiary designation form provided by your plan custodian. Your estate may benefit from a charitable deduction for the gift.

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Sarah Schwarz