Willamette Lawyer | Fall 2023

Page 40

NONPROFIT ORG US Postage PAID Salem, OR Permit No. 152

College of Law 900 State Street Salem, OR 97301

Are you maximizing tax benefits with your giving? If you have a retirement plan with a required minimum distribution (RMD) and are 70.5 years of age or older, you have an opportunity to give to the College of Law while avoiding taxes on your distribution. Transferring all or a portion of your RMD directly to Willamette, rather than receiving the distribution and then making your gift, avoids the normal tax on that distribution.

Maximize your giving and your tax benefit

By directing your RMD to Willamette, you: • Avoid taxes on your RMD • Lower your taxable income by not receiving the RMD • Are able to support your philanthropic passion within the College of Law

ASK US about one-time distributions of $50,000 to fund a CGA

LEARN MORE

CALL: 503-370-6548 or EMAIL: giftplanning@ willamette.edu

The Hon. John Murdock JD’74 and Mrs. Arlene Murdock in the Bavarian Alps. John and Arlene have generously supported the law school with gifts from their retirement accounts.


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