Beneficiary Designation Form

Goal: To support the College but retain your assets while you are alive with the ability to alter plans should circumstances change.

Minimum Gift: Any amount

In addition to incorporating a provision for Lafayette in a will or trust document, you may also bequeath money to Lafayette through your IRA, or other qualified plan such as a 401(k) or 403(b). This is easier to establish than a traditional bequest, and like a will provision, naming Lafayette as an account beneficiary enables you to retain your assets and avoid binding agreements.

The named recipient of your qualified plan will be subject to income tax, but by designating Lafayette as the beneficiary of all or part of your IRA, you ensure that the gift to the College will be transferred tax-free upon your death.

To name Lafayette as the beneficiary of a retirement asset, contact your account custodian to obtain a beneficiary designation form. Unlike wills or trusts, which require an attorney, you can direct a legacy gift to Lafayette by simply completing the necessary paperwork.

If Lafayette has been named as a beneficiary, please let us know by filling out and returning a Statement of Deferred Gift Provision. We would enjoy recognizing you for your commitment while understanding that unforeseen circumstances may alter your plans sometime in the future.

When notifying the College of your estate plans, documentation can be put in place to ensure your gift will be used according to your wishes.

To learn more, read how Brad Meigs ’71 and Bill Yinger ’99 decided to support Lafayette by naming the College as a beneficiary of their retirement accounts.