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Notify us of your beneficiary designation gift
If you check the box in this area, a module will open where you can enter your name and email to notify us of your beneficiary designation gift.
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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 Western Michigan University Foundation 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.
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| 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
By naming Western Michigan University Foundation as a beneficiary of a retirement, investment or bank account, or your life insurance policy, you can create a legacy without changing your will or parting with any of your assets during your lifetime.
Benefits of gifts of retirement assets
- Simplify your planning.
- Support the causes closest to your heart, like WMU.
- Continue to draw from your account for as long as you need to use it.
- Your loved ones can instead receive tax-advantaged assets from the estate.
- Receive potential estate tax savings from an estate tax deduction.
How to make a gift of retirement assets
To leave your retirement assets to Western Michigan University Foundation, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the WMU Foundation as beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed when you pass away. Your estate will benefit from an estate tax charitable deduction for the gift.
Future gifts from your retirement assets
Did you know that 40% to 60% of your retirement assets may be taxed if you leave them to your loved ones upon your passing? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Western Michigan University Foundation. As a qualified charity, we are not taxed upon receiving an IRA or other retirement plan assets. You can use the "Make a Future Gift of Retirement Assets" tool to contact your retirement plan custodian and designate a future gift to Western Michigan University Foundation.
Contact us
If you have any questions about gifts of retirement assets, please contact us. We'd be happy to help.
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