Gifts That Cost Nothing
How It Works
- Name the Kingsborough Community College Foundation as a beneficiary of your IRA, 401(k),
or other qualified plan.
- Designate us to receive all or a portion of the balance of your plan through your
plan administrator.
- The balance in your plan passes to Kingsborough after your death.
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Benefits
- Avoid the potential double taxation your retirement savings would face if you designated
them to your heirs.
- Continue to take regular lifetime withdrawals.
- Maintain flexibility to change beneficiaries if your family's needs change during
your lifetime.
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