Gifts from Retirement Plans at Death
How It Works
- You name NJIT as beneficiary for part or all of your retirement-plan benefits
- Funds are transferred by plan administrator at your death
Benefits
- No federal income tax is due on the funds that pass to NJIT
- No federal estate tax on the funds
- You make a significant gift for the programs you support at NJIT
Special note: Call or e-mail us to tell us of your intent, and we will assist you with the details of the transfer.
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Beth S. Kornstein |
The New Jersey Institute of Technology |
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