• IRA Rollover
  • Impact our future through planned giving

    Impact our future through planned giving

    • Touch the lives of others while creating a lasting legacy
    • Find peace of mind through a wide variety of tax benefits
    • Help the University of Michigan achieve its goals for current and future generations

Beneficiary Designations

Do you own a qualified retirement plan such as an IRA, 401(k), or 403(b)? Would you like to make a significant gift to the University of Michigan and leave a lasting legacy? If so, you may wish to name U-M as a beneficiary of all or a portion of your retirement plan.

ADVANTAGES OF BENEFICIARY DESIGNATION GIFTS


  • TAX SAVINGS—By making a gift of all or a portion of your retirement assets to U-M, your estate will receive a charitable deduction and reduce both the possible income and estate tax liability. This potential doubletaxation would significantly diminish the inheritance you planned for your children or grandchildren.

  • REVOCABLE—You can modify or revoke the beneficiary designations at any time during your lifetime.
  • AVOID PROBATE—Gifting assets via a beneficiary designation will avoid the probate process.

  • EASY TO DO—Simply fill out a brief beneficiary designation form provided by the plan or account administrator. (You will need U-M's legal name and tax ID number.)

  • INEXPENSIVE—In most cases, there is no need to amend your will or trust, thus saving legal fees.
 
CONTACT US FOR A FREE PLANNING YOUR LEGACY WILLS GUIDE!

If you do not have a will or if your will needs updating, please call us for estate planning attorney referrals. If you are interested in learning more about creating a plan, please visit our website at leadersandbest.umich.edu/giftplanning. You will find a FREE Planning Your Legacy wills guide, bequest language, and other tools designed specifically to help you and your attorney. Please call us at 866-233-6661 or email at giving2@umich.edu if we can be of assistance to you in your planning.

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The University of Michigan has 501(c)(3) non-profit tax exempt status; our federal tax ID number is 38-6006309.

Copyright © 2017 Regents of the University of Michigan
The University of Michigan Office of Development, 3003 South State Street, Suite 9000, Ann Arbor, MI 48109-1288

© 2017 Crescendo Interactive, Inc. PRIVACY STATEMENT
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.