Make a Future Gift of Retirement Assets
Search For My Custodian:
|IRA web page|
|Notify us of your Beneficiary Designation|
Thank you for considering a beneficiary designation gift to us. The website link will take you to your retirement plan custodian's website, where you may be able to log in and include North Central College as a designated beneficiary. Another option is to use the phone number to call your retirement plan custodian. They will assist you in updating your beneficiary designation. If you would like to notify us of your generous beneficiary designation, please complete the Notify us of your Beneficiary Designation section.
|Your Address (Street or P.O. Box)|
|Notify us of your IRA gift|
|Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section.|
Beneficiary Designation Gifts
A beneficiary designation gift is a simple and affordable way to make a gift to support North Central College. You can designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.
To identify the College as a beneficiary please include: North Central College, a 501(c)(3) charitable organization located at 30 North Brainard Street, Naperville, Illinois 60540, Federal Tax Identification #: 36-2169157 for its general use and purpose.
A bequest is a popular way to support everyone and everything dear to you. Gift planning through your estate is often the way to make a truly meaningful impact on the College that might not otherwise not be possible. Remembering North Central College in your will by designating the College a beneficiary, or gifting the College through your qualified retirement plan, is a simple way to make a big change. Let us know how you would like to support the College and we can help you set up a scholarship, a perpetual gift to the North Central College Fund, or endow your favorite programs.
Including the College in Your Will
A bequest is one of the easiest gifts to make a gift to the College. With the help of an attorney, you can include language in your will or trust specifying gifts for family, friends or North Central. There are many ways to remember those most important to you - monetary gifts, gifts of property or real estate, retirement assets, etc. To include North Central within your estate plan, here is simple language for an unrestricted gift:
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to North Central College, a nonprofit organization located at 30 N. Brainard St., Naperville, IL, 60540, Federal Tax ID #36-2169157, for North Central College's general use and purpose.
You may be specific in your bequest in order to establish a particular fund or support a program that is dear to you. Click here to review other samples of bequest language or contact us if you would like to speak with someone about funds and programs you may be interested in supporting.
Planning through Beneficiary Designation Gifts
Naming the College as a beneficiary of your retirement plan, life insurance policy or other resources is a simple and affordable way to make a gift to support North Central. Not only will your gift provide resources to an area of the College that is important to you, it is also a wise tax-planning strategy as distributions are not subject to income and estate taxes, or probate.
To make a beneficiary gift, contact your broker, banker or insurance agent for your accounts and request a new beneficiary designation form (many of these forms are available online). If you have any questions about leaving a beneficiary designation gift to us, please contact us. We would be happy to assist you. If you have already designated us as a beneficiary of an asset or as part of your estate plan, please let us know. We would like to recognize you and your family for your gift and we can ensure your wishes will be carried out exactly as you want.
Important considerations for your future
If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment or bank account and continue to freely use your account. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.
FlexibilityMost beneficiary designation forms are very flexible. You can name North Central College as a "full" or "partial" beneficiary of your account or life insurance policy. You can also name North Central College as a "primary" or "contingent" beneficiary.
Family ConsiderationsBeneficiary designation gifts allow you to provide for family and support the causes that matter most to you. With a designation form you could, for example, name your spouse as the "primary" beneficiary and each of your children and North Central College as "partial contingent" beneficiaries. With this arrangement, if your spouse survives you, he or she would receive the account. If not, the account or policy would be paid out to your children and North Central College in whatever shares (or percentages) that you chose on the designation form.
TerminologyBeneficiary designation gifts are simple and straightforward. Common terminology includes "beneficiary designation" but also includes "payable on death" or "transfer on death." The term "beneficiary designation" is most commonly used when naming beneficiaries of retirement plans or life insurance policies. The term payable on death (or "POD") typically involves the designation of a beneficiary of a checking account, savings account or certificates of deposit, and transfer on death (or "TOD") often involves the designation of a beneficiary of stocks, bonds or mutual funds.
To download a brochure and learn more about Beneficiary Designation gifts, click here.
To download a brochure and learn more about TOD gifts, click here.
To download a brochure and learn more about POD gifts, click here.
Beneficiary Designations and Real EstateSome states even allow "beneficiary designation deeds" or "transfer on death deeds," which would allow you to name North Central College as the survivor beneficiary of your home, farm or other real estate. As with other beneficiary designation gifts, these gifts are revocable by filing a revocation or new beneficiary designation deed.
If you have any questions about leaving a beneficiary designation gift to us, please contact us. We would be happy to assist you.
If you have already designated us as a beneficiary of an asset or as part of your estate plan, please let us know. We would like to recognize you and your family for your gift.
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