Gift Planning

Testamentary Gifts from Retirement Plans

Retirement plans and IRAs are among the most highly taxed assets in an estate: 50% or more of the assets can be lost to estate and income taxes.

Alumni and friends who would like to make a tax-efficient bequest should consider naming Princeton as a beneficiary of an IRA, Keogh, tax-sheltered annuity, qualified pension, or profit-sharing plan—it’s the most tax-efficient way to create a legacy.

Technology pioneer John Nash ’67 didn’t forget that it was at Princeton where he discovered his love of mathematics. His bequest to the University, given for the University to use where it is most needed, was just shy of $1 million.  Read his story

How It Works:

  1. Name Princeton as a beneficiary of your IRA, 401(k) or other qualified plan.
  2. Designate the University as the recipient of all or a portion of the balance of your plan through your plan administrator.
  3. The designated balance passes to Princeton after your passing.

Benefits:

  • Funds pass to the University free of taxes.*
  • Continue to take regular lifetime withdrawals.
  • Beneficiary designation can be revoked if your family’s needs change.

Beneficiary information:

  • The University’s tax ID number (EIN) is 21-0634501.
  • The date of establishment for Princeton University is October 22, 1746 (required on some beneficiary designation forms).
  • Please use the official name of the University—“The Trustees of Princeton University”—when naming the University as a beneficiary.

*Certain IRS limitations apply. The information presented is not intended as legal or financial advice. Please consult your own professional advisors to discuss your specific situation.

We encourage you to contact the Office of Gift Planning at 609.258.6318 or 1746soc@princeton.edu to discuss your gift of retirement assets to Princeton.


Information for Estate Attorneys and Administrators

Our legal name is: Trustees of Princeton University
Our tax ID number is: 21-0634501
Our address and contact information for estates and trusts is:
Office of the General Counsel
Princeton University
New South Building, Fourth Floor
Princeton, NJ 08544
609.258.2500


Sample Bequest Language  |  Online Gift Calculator  |  Gift Planning Staff