As Easy as 1-2-3
Beneficiary Designations Are Simple and Flexible
Passionate about advancing Convent & Stuart Hall’s mission? You can name the school as a beneficiary on any of these:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
You can also review and adjust beneficiary designations anytime you want. They are entirely separate from your will, which makes them a truly simple way to give.
Here's how to name Convent & Stuart Hall as a beneficiary:
- Request a change-of-beneficiary form from your retirement plan administrator, insurance company, bank or financial institution.
- Decide what percentage (1 to 100) you would like the school to receive, then write this percentage and “Schools of the Sacred Heart San Francisco” on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
See How It Works
An Example of How It Works
Robert and Carol treasure the financial help they've been able to give their children and Convent & Stuart Hall over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left Convent & Stuart Hall a $75,000 IRA to be transferred following their lifetime. Because Convent & Stuart Hall 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.
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. Figures cited in any 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.