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Beneficiary Designation Gifts

A beneficiary designation is a simple and affordable way to make a gift to ministry that does not require an attorney. You can make a gift of your retirement, investment, or bank account or your life insurance policy.

Beneficiary Designation Gifts
Donor
Designation Form
Account Custodian
Property
(IRA/Investment)
Chosen Ministry
Charity image

Benefits of a beneficiary designation gift

  • Support the ministries that are important to you
  • Continue to use your accounts as long as you desire
  • Simplify your planning and avoid expensive legal fees
  • Reduce the burden of taxes on your family
  • Receive an estate tax charitable deduction

How a beneficiary designation gift works

A Beneficiary Designation Gift can be made simply by completing the appropriate form given to you by your retirement plan administrator, life insurance company, or bank or investment broker. To complete your bequest, designate the Nazarene Foundation as full, partial, primary, or contingent beneficiary using the forms provided by each company, and then tell us how you would like those funds distributed.

Types of Beneficiary Designations

  • IRA, 401(k), 403(b), or pension accounts - these back the best gifts to charity as they are taxed twice when given to family
  • Investment (stocks or bonds) accounts - appreciated assets can cause significant tax burdens for your family
  • Checking or savings accounts - give these funds to ministry when you no longer need them
  • Life Insurance policies - for more information, please visit our page, What To Give - Life Insurance
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