Your Charitable Legacy

If you’re looking to contribute to the Christian Brothers of the Midwest but don’t want to make updates to your will, a beneficiary designation may be the perfect gift for you. Planned gifts, like a beneficiary designation, play a vital role in securing the future for the Christian Brothers and supporting the next generation.  

Making a beneficiary designation is often as easy as filling out a form directing that an account or asset is to be distributed to the Christian Brothers of the Midwest at the end of your lifetime. It is an easy way to use some of your assets to make a legacy gift to the Christian Brothers of the Midwest and use the rest to provide for family members or other loved ones.

Benefits of giving with a beneficiary designation: 

• You can name multiple beneficiaries of your assets or accounts.
• You can indicate a portion or all an account.
• Your gift is not subject to income or estate tax.
• Your gift will support the future of the Christian Brothers of the Midwest.

Making a Beneficiary Designation is Easy

• It’s flexible—Your accounts remain under your control should you need them.
• It’s easy to arrange—A beneficiary designation doesn’t require you to wait until you make a change to your will.
• It’s revocable—You can change your beneficiary designation at any time without having to amend or rewrite your will. 

Accounts and Assets to Consider

• Retirement Accounts—For IRAs, 401(k)s, 403(b)s, and other Qualified Retirement Plans, you can designate the Christian Brothers to receive a percentage of your plan or a specific dollar amount.
• Life Insurance Policies —You can designate the Christian Brothers to receive all or a portion of the death benefit.
• Annuity Contracts—If a commercial annuity will have a remaining value at the end of your lifetime, you can name Christian Brothers to receive all or part of the amount.
• Bank Account—You can instruct your bank to pay to the Christian Brothers all or a portion of what remains at the end of your lifetime.
• Investment Account—You can instruct your investment company to transfer to the Christian Brothers some or all the investments remaining in your account at the end of your lifetime.

How Can I Make a Beneficiary Designation?

For most accounts and assets, making a beneficiary designation is as simple as filling out a form. Contact the company overseeing the account or asset you would like to make a gift from to find out what they require.