Beneficiary Designations
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
IRAs and retirement plans
Life insurance policies
Commercial annuities
It only takes three simple steps to make this type of gift. Here’s how to name the University of North Georgia 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.
An Example of How it Works
Ed and Susan are proud of the financial help they’ve been able to give their children and UNG over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left UNG a $75,000 IRA to be transferred following their lifetime. Because UNG is tax-exempt, all $75,000 will help support our mission.
If Ed and Susan 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. Ed and Susan are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
Fund Your Donation With:
Retirement Plan Assets
Life Insurance
Commercial Annuitites
Bank Accounts, CD’s, or Brokerage Accounts
For questions, please contact Directors of Estate & Gift Planning Jeff Boggan, jeff.boggan@ung.edu or Wendi Huguley, wendi.huguley@ung.edu.