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Retirement Plan Assets

Retirement accounts include IRAs (Individual Retirement Accounts), 401(k) plasn, Keogh plans, and other qualified retirement savings plans. Retirement Plan Assets

Including Amherst College as a beneficiary of your retirement plan is a simple and tax-efficient way to create a legacy at the College.

Before the funds remaining in your retirement plan go to your heirs, income tax (and estate tax if any is due) is paid on the assets.

Because Amherst is a tax-exempt institution, retirement plan assets directed to the College are not taxed, and the amount Amherst receives is more than would otherwise go to your heirs. Amherst can be the sole beneficiary, one of several beneficiaries, or a contingent beneficiary.

The College must be identified directly on the form that you get from your retirement plan administrator, and forms are often available on your retirement plan's website. 

For more information about making a planned gift to Amherst, please contact the Gift Planning staff.


Information contained in this website should not be considered legal, accounting or other professional advice. Individuals considering a planned gift to Amherst should consult with their financial advisor.

 

Gift Planning Staff

Melody Lynn Twigg
Director of Gift Planning
(413) 542-5193
mtwigg@amherst.edu

Janet Howard
Gift Planning Coordinator
(413) 542-2721
jlhoward@amherst.edu

Or write to us at:
Gift Planning
Office of Development
Amherst College
PO Box 5000
Amherst, MA 01002-5000

Or use this on-line form