Gifts from Retirement Plans at Death

How It Works

1. You name NJIT as beneficiary for part or all of your retirement-plan benefits
2. 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.