Planned Giving through:
Insurance or Retirement
You may assign York as beneficiary, co-beneficiary, or a secondary, remainder, or
residual beneficiary of your life insurance policy or retirement fund. Annual life
insurance dividends also may be assigned to the university. When York is named as
owner of a policy, the cash value of the policy may be deducted on your income tax
return.
Retirement plan assets may be an especially attractive portion of an estate to give to ²¤ÂÜÊÓƵ. As the university is a tax-exempt organization, the gift of retirement plan assets avoids both estate and income taxes. This preserves more of the asset for the support of the ministry of ²¤ÂÜÊÓƵ while the donor may pass on other assets to his/her heirs.
Retirement plan assets may be an especially attractive portion of an estate to give to ²¤ÂÜÊÓƵ. As the university is a tax-exempt organization, the gift of retirement plan assets avoids both estate and income taxes. This preserves more of the asset for the support of the ministry of ²¤ÂÜÊÓƵ while the donor may pass on other assets to his/her heirs.