A beneficiary designation is a simple and flexible way to make a gift. As you evaluate how to best create your charitable legacy, keep in mind the following:
- You can make the gift without having to revise your will or living trust
- It is easy to modify the beneficiary forms to update your intentions as circumstances change
- Arranging such a gift is simple and generally entails little or no expense
- When a charity is a beneficiary of retirement funds, those funds will not be subject to income tax
- You may save estate taxes, depending on the size of your estate
- The gift becomes available to the charity with little delay
How to Make a Gift by Beneficiary Designation
It's simple! You ask your policy administrator for a change-of-beneficiary form, or you can often find this form on your provider's website, and then name RUSH University Medical Center as a beneficiary of any of the financial instruments below.
Types of Beneficiary Designations
- IRA and Qualified Retirement-Plan Distributions
- Donor-Advised Fund
- Insurance Products
- Bank Accounts
- Brokerage Accounts
- Request a change-of-beneficiary form from the administrator of your retirement plan, insurance policy, or bank account or download a form from your provider's website.
- Designate what percentage you would like RUSH University Medical Center to receive and name us and indicate the percentage you chose on the beneficiary form.
- Return the completed form to your provider.
- Contact us to let us know your goals for the gift so we can thank you for your generosity and ensure your gift is used as you intend.
RUSH Office of Gift Planning
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