IRAs and Retirement Plans

Individual Retirement Accounts (IRAs) and other tax-deferred compensation plans may pose estate tax and income tax problems if left directly to heirs. For that reason, St. Sebastian Parish Foundation encourages donors who wish to make a planned gift to consider using their IRA to do so. The logic is simple: donors, by leaving highly tax-vulnerable gifts to St. Sebastian Parish Foundation and less tax-vulnerable gifts to heirs, cost their heirs less. There are also exciting tax benefits with IRA Direct Rollover Gifts. For help with your IRA and other Retirement Plan gifts to St. Sebastian Parish Foundation, seek professional guidance in this complex area and contact the Development Office at 330.836.2233 or development@stsebastian.org.