Spring 2024

Read on for the latest edition of Tartan Traditions, and learn how tax-smart retirement fund strategies can also support the important work happening at Carnegie Mellon.

After graduating from Carnegie Mellon University and starting his first Job, Dietrich College of Humanities and Social Sciences alumnus Richard Glave’s father encouraged him to set up a retirement account.

“My father, Harold Glave, was a big saver and investor,” Richard says. “He was very big on retirement plans and pensions and all of that. He managed retirement plans for companies at Bankers Trust, now part of Deutsche Bank, for around 25 years.”

His father’s forethought and a diligent dedication to stashing funds for a post-career life have allowed Richard to create a legacy at Carnegie Mellon University with a planned gift intention through his retirement plan.

Congratulations on growing your IRA, 401(k), 403(b) or other retirement accounts. Along with funding your retirement, these funds can also do good work at Carnegie Mellon.

By naming CMU as a beneficiary of your retirement plans, your gift can be:

Flexible: Change designations at any time and continue to make regular lifetime withdrawals.

Customizable: Select an amount or a percentage that you wish to leave for the people and organizations that matter to you.

Tax-Smart: Move your retirement funds tax-free to charitable organizations as they may be taxed for your loved ones and heirs.

A Trust: With a Give it Twice strategy, you can stretch payments over your loved ones' lifetimes, leaving the remainder as a gift to CMU.

If you’re age 70 1/2 or older, you also can make a Qualified Charitable Distribution (QCD) directly from your IRA to benefit your favorite Carnegie Mellon programs and count toward your Required Minimum Distribution (RMD).

Are you looking for a way to provide your loved ones with income while also supporting organizations and causes that are important to you with a charitable gift?

Here's How it Works: