If you are participating in a company pension plan or other private plan - such as an Individual Retirement Account - you may find that your retirement assets exceed your retirement needs. These excess retirement assets can be given either before or after death to KUVO.
Donating excess retirement assets helps you avoid the double tax bite, since these assets receive both income tax and estate tax when left as part of an estate. Consequently, this type of gift can help your heirs lessen or avoid estate taxes.
TAX LAW ON IRA DONATIONS
If you are 70 ½ or older, you can donate up to $100,000 from your IRA tax-free, however you will not receive any tax-deduction (the gift is simply donated without any taxes deducted).
INFORMATION NEEDED BY YOUR LAWYER:
Legal name: KUVO, LLC - wholly-owned by Rocky Mountain Public Broadcasting Inc.
Contact Ryan Welch: 303-620-5730, firstname.lastname@example.org