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Gifts of Retirement Assets

Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Scripps Health.

If you are like most people, you probably will not use all your retirement assets during your lifetime. Gifts of unused retirement assets have made a tremendous impact over the years, helping Scripps Health further our mission.

In addition to making outright gifts from your IRA or qualified pension plan through an IRA Rollover, or Qualified Charitable Distribution (QCD), you can also make Scripps Health a beneficiary of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other qualified plan.

Recently, Congress enacted legislation that allows you to fund a charitable gift annuity directly from your IRA. Learn about the benefits of an IRA to Gift Annuity Rollover.

Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Scripps Health. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.

Flowchart: Donor makes a gift of retirement assets to SCRIPPS.

Benefits of gifts of retirement assets

  • Avoid potential estate tax on retirement assets
  • Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
  • Receive potential estate tax savings from an estate tax deduction

How to make a gift of retirement assets

To leave your retirement assets to Scripps Health, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Scripps Health as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

Fund a testamentary trust with your IRA and benefit your heirs as well as Scripps Health. This is described on the link to: Give it Twice Trust - Helping Children And Charity.

Contact us

If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.

Please let us know if you have already included Scripps Health as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.