Beneficiary Designations of Financial Accounts
Another way to help Lighthouse Guild is by naming Lighthouse Guild the beneficiary of all or part of your financial accounts, retirement assets, or even a life insurance policy. Retirement Plan Funds, such as IRAs, 401(k), 403(b) and pension plans, remain tax-efficient assets to use for charitable giving because these assets are often subject to income tax upon distribution, but are not taxable when directed to charity.
Beneficiary designations are easy to make. Just contact the institution that manages your account or policy and request a change of beneficiary form. After you complete the form, send it to your institutional manager and please send a copy to Lighthouse Guild so that we will have a record of your intended gift and can properly thank you.