Gifts through Other Assets
A beneficiary designation is one of the simplest ways to make a gift to Bryn Mawr College.
You can specify the individuals and charities you want to support and you can also specify the percentage of the assets on beneficiary designation form you want each beneficiary to receive.
Beneficiary designations are available when giving the following assets:
An alternative to a bequest gift is to designate Bryn Mawr College as the beneficiary of your retirement assets. This gift is simple because you can control the transfer of these assets at your death without changing your Will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. There is no need to modify your Will or living trust.
A gift of retirement assets has the added advantage of being among the most tax-wise ways to make an estate gift. This is because your retirement assets, if left to individuals (other than a spouse), will be subject to income tax in addition to any applicable estate tax. With a gift to Bryn Mawr, 100 percent of the funds are available for its charitable purposes. If you want to remember Bryn Mawr in your estate plan, it is often better to leave other types of assets – cash, securities, real estate – to your heirs and give the more heavily taxed retirement asset to the College.
Life Insurance policies also can be used to make a gift to Bryn Mawr. Complete and return to the insurance company a form designating that Bryn Mawr College receives all or a portion of the death benefit associated with your life insurance policy.
More Beneficiary Designations
Investment Accounts - you can instruct your investment company to transfer to Bryn Mawr some or all investments held in the account at the time of your passing. Your broker or agent can let you know the process for doing this – it may be as simple as adding “T.O.D. to Bryn Mawr College” after your name on the account.
Donor Advised Funds - You may also name Bryn Mawr as beneficiary of all or a portion of your Donor Advised Fund account at the time of your passing.
Bank Accounts - you can instruct your bank to pay Bryn Mawr all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.
Commercial Annuity Contracts - a commercial annuity will sometimes have a remaining value at the end of the annuitant’s lifetime. You can name Bryn Mawr to receive all or part of this amount by designating it as a beneficiary (sole or partial) on the appropriate form from the insurance company.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.