While tax-deferred retirement plans are an important source of retirement
income for many people, these plans are not always the best gifts to
leave to loved ones. Without careful planning, estate and income taxes
can consume a large portion of these funds leaving little for heirs.
Another approach is to leave other property and assets to family and
friends and use retirement plans to fund charitable bequests. In doing
so, you may reduce the tax burden to your heirs and have the satisfaction
of knowing you provided a meaningful gift to benefit the university.
Donors who make a gift of retirement plan assets are
eligible for membership in Towson's Tower
If you would like more information on leaving retirement plan assets
to Towson University Foundation, Inc., please contact Donna Mayer,
Senior Director of Gift Planning, at 410-704-3375, 1-866-301-3375