1. Timothy J. Prosser Vice President - Institutional Trust Consulting TIAA-CREF Trust Company, FSB Retirement Plan Gifts: Better Now or Later? Planned Giving Council of Upstate New York July 27, 2010 Rochester, New York C45802

4. BACKGROUND: PLAN STATISTICS $16 Trillion in U.S. Retirement Accounts in 2009 ICI Research Fundamentals, Vol. 19, No. 3, May 2010

5. BACKGROUND: PLAN STATISTICS Retirement Assets = 35% of Household Assets in 2009 ICI Research Fundamentals, Vol. 19, No. 3, May 2010

6. BACKGROUND: PLAN STATISTICS Assets by Plan Type – Year End 2009 Investment Company Institute, May 2010 IRA assets = 26% of U.S. retirement assets as of 2009 Plan Type Trillions of Dollars Annuities 1.4 Defined Contribution 4.1 Private Defined Benefit 2.1 Government Pension Plans 4.2 IRA 4.2 Total 16.0

8. EGTRRA INCREASES IN PLAN FUNDING LIMITS Traditional IRAs

10. EGTRRA INCREASES IN PLAN FUNDING LIMITS 401(k), 403(b), and 457 Plan Limits

20. WHAT IS THE REQUIRED MINIMUM DISTRIBUTION? Uniform Life Table (excerpt) Applies to all unless sole beneficiary is a spouse who is more than 10 years younger. Treas. Regs. § 1.401(a)(9)-9 Q&A 2. Account Owner’s Age Distribution Period Account Owner’s Age Distribution Period Account Owner’s Age Distribution Period 70 27.4 80 18.7 90 11.4 71 26.5 81 17.9 91 10.8 72 25.6 82 17.1 92 10.2 73 24.7 83 16.3 93 9.6 74 23.8 84 15.5 94 9.1 75 22.9 85 14.8 95 8.6 76 22 86 14.1 96 8.1 77 21.2 87 13.4 97 7.6 78 20.3 88 12.7 98 7.1 79 19.5 89 12 99 6.7

26. TESTAMENTARY CHARITABLE GIFTS OF RETIREMENT PLAN ASSETS

40. Retirement Plan Gifts: Better Now or Later? TIAA-CREF Trust Company, FSB provides trust services. Investment products are not insured by the FDIC; are not deposits or other obligations of TIAA-CREF Trust Company, FSB; are not guaranteed by TIAA-CREF Trust Company, FSB; and are subject to investment risks, including possible loss of principal invested. Neither TIAA-CREF nor its affiliates provide legal or tax advice. This presentation is for educational purposes only and addresses a complex topic. Because it does not address many of the nuances of estate and tax law - both federal and state - and because these laws are continually being revised, we urge you to seek the advice of your own attorney, tax advisor, or accountant regarding your particular situation. ©2009 TIAA-CREF Trust Company, FSB, One Metropolitan Square, 211 North Broadway, St. Louis, Missouri 63102 C45802 Timothy J. Prosser Vice President – Institutional Trust Consulting TIAA-CREF Trust Company, FSB