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Outright gifts of retirement assets If you are over 59 years of age you might also consider an outright gift from your IRA or 401 k or 403 b plan. While the withdrawal will typically be a taxable event your charitable deduction would offset the taxable income provided you itemize your deductions and can claim the full deduction in the year you make the gift. In the course of a century there will of course be a great number of graduates of the Cooper Union and the day will surely come when...

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