Skip to Main Content
Contact Us

Your act of generosity, our longevity

The Peoria Symphony Foundation is a non-profit private foundation that maintains and manages an endowment fund to provide long-term financial support to the Peoria Symphony Orchestra. Through gift planning, we invite you to use this website as a resource to help you share your legacy of support for the Peoria Symphony Orchestra while enjoying personal financial benefits.

Learn About Ways to Give »

Giving Home > What to Give > Gifts of Retirement Assets

Gifts of Retirement Assets

Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to the Peoria Symphony Foundation.

PLEASE NOTE: The Peoria Symphony Foundation may be added as a beneficiary to retirement assets; however, IRA Charitable Rollovers must be handled through the Peoria Symphony Orchestra rather than the Peoria Symphony Foundation due to private foundation rules. Please contact us for more information on IRA Charitable Rollover gifts.

If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.

Benefits of gifts of retirement assets

  • Avoid potential estate tax on retirement assets
  • Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
  • Receive potential estate tax savings from an estate tax deduction

Gifts of retirement assets video

How to make a gift of retirement assets

To leave your retirement assets to the Peoria Symphony Foundation, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the Peoria Symphony Foundation as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

More on gifts of retirement assets

Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to the Peoria Symphony Foundation. As a nonprofit, we are not taxed upon receiving an IRA or other retirement plan assets.

Contact us

If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.

Please let us know if you have already included the Peoria Symphony Foundation as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.