Legacy Giving: 

Beneficiary Designations

In addition to naming the SLSO in your will or trust, you can also designate the SLSO as a beneficiary or one of the beneficiaries of your retirement plan, life insurance policy, or commercial annuity. Income and estate taxes are not imposed on retirement assets left to a charity. You always have the right to change or amend the beneficiary designation.

Some of the specific instruments in which beneficiary designation apply are:

• Qualified Retirement Plans, IRA, 401(k), 403(k), ESOP*
• Life Insurance
• Commercial annuities
• Payable on Death/Transfer on Death bank accounts or other financial investments

Documenting and letting us know of your beneficiary designations helps us account for your gift in the long-term strategies for the SLSO.