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Retirement Plan Assets

A future gift to Michigan Tech with two-fold tax savings

After providing for yourself and your family, a gift of retirement plan assets to the Michigan Tech Fund can be a very tax-effective way to support Michigan Tech. By designating the Michigan Tech Fund to receive any remaining assets of your traditional IRA, 401(k), or other qualified pension or profit-sharing plans, you retain complete access to the assets during your lifetime. Any gifts that later come to Michigan Tech can be deducted from your taxable estate, possibly saving your heirs from significant estate and income taxes.

Your pension plan administrator or financial institution can provide you with the necessary form to designate the Michigan Tech Fund as a beneficiary.

If you are considering a gift of retirement assets, please contact the Office of Gift Planning. Our staff will describe the tax savings for you and your family; we also look forward to hearing what you wish to accomplish with your gift and helping you make it a reality.

Benefits of gifts of retirement plan assets

  • Gift made from most highly taxed assets, leaving more for your family
  • Potential reduction of estate and income taxes
  • No impact on the assets during your lifetime
  • Simple way to make a future gift to the Michigan Tech program of your choice


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