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Legacy Giving: Beneficiary Designations

You may also name the SLSO as a beneficiary of an existing insurance policy or retirement plan—IRA, 401(k), 403 (b), etc.—which may enable you to make a larger gift than you expected because income and estate taxes are not imposed when retirement assets are left to a charity. Gifts through retirement plan assets are easy to complete—typically with a simple form or online.

You may also designate the SLSO as beneficiary on your bank accounts and other financial investments by completing a Payable on Death or Transfer on Death designation with your financial institutions. You retain all rights to the account and they transfer outside of probate.

Benefits:

  • Maintain access to your assets in case you need them.
  • Contribute any amount or percentage.
  • Gain potential tax advantages.
  • Support the endowment and future sustainability of the SLSO.

Please note: The purpose of this page is to provide general gift, estate and financial planning information. It is not intended as legal, accounting, or other professional advice. Consult your attorney or legal advisor if your plans require revision of a will or other legal document. 

Contact Us

Elaine Wichmer
Senior Major and Planned Giving Officer
Phone: 314-286-4457
Email

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