Pension Plans

Retirement plan proceeds paid after death are subject to both income and estate taxes. If you have accumulated substantial amounts in your retirement account and are in the highest income and estate tax brackets, these are not ideal assets to bequeath to your heirs. Naming the Columbus Jewish Foundation as the after-death beneficiary of one or more such plans (pension, profit sharing, Keogh, IRA, 401(k), etc.) can save such taxes and greatly assist the Foundation and/or your favored charities at a minimum cost to your family. You can, therefore, make a substantial donation with retirement plan assets that would otherwise have been used to pay income and estate taxes.