Beneficiary Designations
Make a Gift in 3 Easy Steps
A beneficiary designation is an easy alternative to making a gift through a will or estate. This option offers you increased flexibility by using:
- IRAs and retirement plans
- Life insurance policies
- Donor advised funds
- Commercial annuities
It only takes three simple steps to make this type of gift. Here's how to name University of Rhode Island Foundation & Alumni Engagement as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
Learn More
Download our guide Beneficiary Designations: The Easiest Ways to Leave Your Legacy.
View My GuideAn Example of How It Works
Robert and Carol treasure the financial help they've been able to give their children and URI over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left URI a $75,000 IRA to be transferred following their lifetime. Because URI is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24% marginal income tax bracket.
See How It Works
Additional Resources
Fund Your Contribution With:
Gifts That Pay
Your payments depend on your age at the time of the contribution. If you are younger than 60, we recommend that you learn more about your options and download this guide Plan for Retirement With a Deferred Gift Annuity.
View My GuidePrepare for the Future
Create a secure plan for you and your loved ones with our Personal Estate Planning Kit.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.