Beneficiary DesignationCertain types of property pass outside a will or trust. These assets require that you name a beneficiary by completing a beneficiary designation form. You can designate Boys & Girls Clubs as a full, partial, contingent beneficiary of an insurance policy, IRA, or other qualified retirement plan such as a 401K. To make a bequest of these assets, you should contact the company or entity from which you purchased the asset.
Bequest of an Insurance Policy
Bequest of an IRA
A retirement account asset like an IRA account make an excellent bequest to charity. If the IRA were given to your family, much of the value could be depleted through estate and income tax. By designating a charity as the beneficiary of part or all of your IRA, the full value of the asset is transferred tax free at the end of your life and your estate receives a charitable deduction. If you wish to leave your IRA to your spouse, you may also designate Boys & Girls Clubs of Ada County as a secondary beneficiary. Contact your IRA or retirement account custodian to obtain a beneficiary designation form to make a bequest from your IRA.