Unspent retirement savings

Anthony built up a significant retirement savings with his 401(k) plan over a long career as the head of a real estate firm. In fact, he saved beyond what he anticipates his needs for retirement truly will be. He named his donor-advised fund at the Community Foundation to receive any amount that remains in the account upon his death.

Retirement accounts make excellent legacy gifts because they can be directed to a donor-advised fund or other types of funds at the Community Foundation. A donor can ensure that the organizations that he or she cares about are supported into the future.

You may also want to make a charitable contribution using remaining retirement funds after your death. Email Director of Development Caroline Kuebler or call her at (901) 722-0036 to learn more.