Planning Ahead Has Benefits
Selecting the West Chester University Foundation as a designated beneficiary not only makes an impact, but it limits the unwanted tax liability of your heirs.
Select Your Beneficiary Designations Today
Assets not included in your will are called non-probate assets. These assets are often in the form of 401(k)s, IRAs, life insurance policies, and other accounts. Designating the West Chester University Foundation as a beneficiary can make an impact and may avoid unwanted taxes for your heirs.
Maximize Your Charitable Benefits
Commonly Gifted Assets
- IRA
- 401(k)
- Life insurance
- Joint real estate
- Joint bank accounts
- Joint property ownership
Designate West Chester University Foundation as a beneficiary to one or more of your accounts.
We have partnered with FreeWill to offer this free online platform that will walk you through the process of setting up your beneficiaries. These gifts have a big impact and can often prevent unwanted taxation.
Planned giving helps fuel West Chester University Foundation‘s mission
A gift in your will creates a foundation for the future. Our work today is important, but it is equally, if not more important, to ensure West Chester University Foundation can continue well into the future.
Frequently Asked Questions
A non-probate asset is an account or other asset that won’t be governed by the decisions you make in a will. Instead, these accounts commonly have an assigned beneficiary that you choose. Types of non-probate assets include many retirement accounts, life insurance, some bank accounts and some assets (like a house or vehicle) that you jointly own with another person.
The most commonly gifted non-probate asset is an IRA or 401(k). This is because these accounts are always taxed (even for people below the estate tax threshold). Giving these accounts to charity keeps your heirs from having to pay unexpected taxes.
Yes! Even if you have a will in place you still need to designate beneficiaries for your non-probate assets.
Yes. Gifts of every size make a meaningful impact. Many donors choose to leave a percentage of their estate, allowing their gift to grow along with their estate over time.
No. You can usually make these easily and at no cost to you.
Yes. You are always free to revise or update your estate plans.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Already included us in your estate plan? Let us know
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.