Give - Juniata Scholarship Fund

Naming Juniata Beneficiary of Retirement Assets

Because of a charity's tax exempt status, donors should think about which assets to leave to charity and which to leave to family upon their deaths. IRAs are considered as income in respect of a decedent which means someone has to pay income taxes unless you are exempt from taxes. You can name Juniata as a beneficiary of your retirement assets.

Leaving an IRA to charity during your lifetime is not normally advantageous because even though you receive a charitable deduction for the amount you gift, you have to include this value as part of your income in the year of the gift.