Support Ohio State After Your Lifetime
Beneficiary Designations Are a Simple Gift
Alumni and supporters of Ohio State are dedicated to supporting us for generations—but not everyone wants to commit to a gift in their will or estate plan. Some prefer the increased flexibility of a beneficiary designation by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three steps to make this gift. Here is how to name The Ohio State University Foundation as a beneficiary of your policy or account:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage you would like us to receive and name The Ohio State University Foundation, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
Payments for Life
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
An Example of How It Works
Robert and Carol treasure the financial help they have been able to give their children and Ohio State over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left The Ohio State University Foundation a $75,000 IRA to be transferred following their lifetime. Because we are tax-exempt, all $75,000 will help support Ohio State students and programs.
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.
An Example of How It Works
Robert and Carol treasure the financial help they have been able to give their children and Ohio State over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left The Ohio State University Foundation a $75,000 IRA to be transferred following their lifetime. Because we are tax-exempt, all $75,000 will help support Ohio State students and programs.
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.
Create Your Own Giving Plan
Create a secure plan for you, your loved ones, and the causes you care about with our complimentary Personal Estate Planning Kit.