Retirement Assets

Retirement Assets are tax-deferred retirement accounts, designed to promote savings for retirement, and include profit sharing, IRAs, 401(k), 403(b), and Keough and pension plans. As some individuals approach retirement age, they discover that they have accumulated more funds than they will likely use. If you have a larger estate, subject to both income and estate tax, retirement assets may be a good source for your planned gift to BRB.

If you are between ages 59½ and 70½, you may donate a portion of your retirement assets by making a taxable withdrawal and then donating the cash.

Alternatively, you may consider naming BRB as a primary or contingent beneficiary of your retirement assets. This allows you to avoid significant income and estate taxation. By naming BRB as a beneficiary of your retirement plan, you maintain complete control over the asset while living.

Simply request a change of beneficiary form from your retirement plan administrator. When the form has been properly submitted, please notify BRB as well. Your designation should include our name, the Blue Ridge Broadcasting, Inc., and address: 3 Porters Cove Road, Asheville NC 28805. Please include our tax ID number, 56-0750258.

Contact the Donor Ministry team to confidentially answer any questions you may have, with no obligation on your part.