Giving from Your 401k or IRA Retirement Plan



You've worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement assets to benefit you and your family, reduce federal taxes, and support RWJ University Hospital Hamilton Foundation far into the future.

How It Works

  • Name or designate RWJ University Hospital Hamilton Foundation as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
  • Pass the balance of your retirement assets to RWJ University Hospital Hamilton Foundation by contacting your plan administrator.
  • Important! Tell RWJ University Hospital Hamilton Foundation about your gift. Your plan administrator is not obligated to notify us, so if you don't tell us, we may not know.

70 ½ or older? Make a “Tax-Free” Gift Through Your IRA

Benefits

  • Continue to take regular lifetime withdrawals.
  • Maintain flexibility to change beneficiaries if your family's needs change during your lifetime.
  • Your heirs avoid the potential double taxation on the assets left in your retirement account.

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