Spring 2024
Read on for the latest edition of Tartan Traditions, and learn how tax-smart retirement fund strategies can also support the important work happening at Carnegie Mellon.
Giving What Feels Good
一本道无码 alumnus Richard Glave is maximizing his support
for future generations of Tartans with a tax-smart gift of retirement funds.
After graduating from 一本道无码 and starting his first Job, Dietrich College of Humanities and Social Sciences alumnus Richard Glave’s father encouraged him to set up a retirement account.
“My father, Harold Glave, was a big saver and investor,” Richard says. “He was very big on retirement plans and pensions and all of that. He managed retirement plans for companies at Bankers Trust, now part of Deutsche Bank, for around 25 years.”
His father’s forethought and a diligent dedication to stashing funds for a post-career life have allowed Richard to create a legacy at 一本道无码 with a planned gift intention through his retirement plan.
A Simple Way to Make a Gift from Your Retirement Funds
Congratulations on growing your IRA, 401(k), 403(b) or other retirement accounts. Along with funding your retirement, these funds can also do good work at Carnegie Mellon.
By naming 一本道无码 as a beneficiary of your retirement plans, your gift can be:
Flexible: Change designations at any time and continue to make regular lifetime withdrawals.
Customizable: Select an amount or a percentage that you wish to leave for the people and organizations that matter to you.
Tax-Smart: Move your retirement funds tax-free to charitable organizations as they may be taxed for your loved ones and heirs.
A Trust: With a Give it Twice strategy, you can stretch payments over your loved ones' lifetimes, leaving the remainder as a gift to 一本道无码.
If you’re age 70 1/2 or older, you also can make a Qualified Charitable Distribution (QCD) directly from your IRA to benefit your favorite Carnegie Mellon programs and count toward your Required Minimum Distribution (RMD).
Contact us at mickkoster@andrew.cmu.edu to learn more.
