Gifts of Retirement Assets
"I have found that among its other benefits, giving liberates the soul of the giver." - Maya Angelou
How it works
1. You name St. John’s Foundation as the beneficiary of your IRA, 401(k) or other qualified plan. 2. Any residual left in your plan when you die passes to the foundation tax-free. Benefits
1. You can escape both income and estate tax levied on the residual left in your retirement account by leaving it to St. John's Foundation. 2. You can continue to take withdrawals during your lifetime. 3. You can change your beneficiary if your circumstances change. 4. You can elect to leave retirement plan assets to the Foundation through your will or revocable trust instead. 5. You can have the satisfaction of knowing that your hard-earned retirement assets will support St. John's Hospital when you are gone. For more information For more information on gifts of retirement assets, please email or call St. John's Foundation at (217) 544-6464, ext. 45160. * The information contained in this website is for informational purposes. You should seek advice from your personal legal or tax advisor to determine your individual tax benefits.