Retirement Plan Gifts

Making a gift to the Metropolitan Opera from retirement plans can offer unique planning opportunities in your estate plan. The law allowing Charitable IRA rollovers expired on December 31, 2009. Unless Congress re-instates the law, or extends the deadline, there will not be the same types of tax advantages from an IRA gift made during your lifetime. However, there are other important reasons to consider making a gift from your retirement plan in your estate planning. The Planned Giving staff would welcome the opportunity to speak with you about these issues.

Retirement Plan Gifts in Your Estate Plans

More than any other asset in your estate, qualified retirement plans of many types (IRAs, KEOGHs, 401Ks, etc.) may be the best source of funding a tax-wise gift to the Metropolitan Opera. Your heirs could incur two separate taxes, estate and income, should you leave those assets to them. Because the Met's charitable tax status exempts it from taxes, it might be more advantageous to leave the retirement plans to the Met and leave other assets to your heirs.