If you own a retirement account, have you considered what will happen to it when you no longer need it? If you leave these assets to your children, they may have to pay tax on them. But, if you leave your retirement assets to Kent State, the full value of your gift can go to fund a program or scholarship for a deserving student. There are a number of ways you can do this:
- You can leave a gift of a specific amount from your IRA, 401(k), 403(b) or other plan.
- You can leave a percentage of one or more of your accounts.
- You can provide for your family and leave Kent State any remainder.
Designating Kent State as a beneficiary of a retirement account or insurance policy is not considered part of a will, eliminating the need to add a codicil. You also have the flexibility to change your mind and retain the right to use your retirement assets as needed.
If you would like to include Kent State in your plans, or if you would like us to use your gift for a specific purpose, contact the Center for Gift and Estate Planning today at 330-672-1000, or email us at giftplan@kent.edu. We want to honor you and your wishes.