Beneficiary Designation

Supporting Verbum Dei Jesuit High School Through Beneficiary Designation

Designating Verbum Dei Jesuit High School as a beneficiary of your retirement plan or life insurance policy is a straightforward way to make a meaningful impact.

Flowchart:

Donor designates Verbum Dei Jesuit High School as beneficiary of a retirement plan or life insurance policy, allowing the school to receive charitable distributions.

How Beneficiary Designation Works

By naming Verbum Dei Jesuit High School as a full, partial, or contingent beneficiary of a retirement plan—such as an IRA, 401(k), 403(b), or private pension—you can easily make a planned gift. This approach is also tax-efficient since retirement plans are subject to income taxes when passed on to individual heirs. In contrast, a charitable organization like Verbum Dei Jesuit High School is not required to pay these taxes, ensuring that the full value of your gift supports the school.

You may also designate Verbum Dei Jesuit High School as a beneficiary of a life insurance policy, either in full, partially, or as a contingent beneficiary. This option provides flexibility, allowing you to adjust the percentage as your circumstances evolve. The process is straightforward and can be managed through your plan’s administrator.

Benefits of Retirement Assets

• Simplify your estate planning
• Support causes that matter to you
• Retain control and use of your account during your lifetime
• Enable heirs to receive tax-advantaged assets
• Potentially benefit from estate tax savings through an estate tax deduction

How to Make Retirement Assets Gift

To leave your retirement assets to Verbum Dei Jesuit High School, simply complete a beneficiary designation form provided by your retirement plan custodian. By designating Verbum Dei Jesuit High School as the beneficiary, the school will receive the full value of your gift, as retirement assets transferred to a charity are not subject to income taxes. Additionally, your estate may benefit from an estate tax charitable deduction.