One of the simplest ways to make a gift to Arcadia University is to name us in your assets. You can specify the individuals and charities you want to support and you can also specify the percentage of the assets you want each beneficiary to receive. It's literally as easy as filling out a form.
Beneficiary designations are available when giving the following assets:
Retirement Assets
An alternative to a bequest gift is to designate Arcadia University as the beneficiary of your retirement assets. This gift is simple because you can control the transfer of these assets at your death without changing your will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. There is no need to modify your will or living trust.
A gift of your retirement assets allows you to set your wishes without changing your will or living trust. Simply contact your plan administrator to set a percentage or fixed amount to be gifted upon your passing.
Life Insurance
Life Insurance policies can also be used to make a gift to Arcadia. Complete and return to the insurance company a form designating that Arcadia University receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming Arcadia as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.
Other Assets
Commercial Annuity Contracts - a commercial annuity will sometimes have a remaining value at the end of the annuitant’s lifetime. You can name Arcadia to receive all or part of this amount by designating it as a beneficiary (sole or partial) on the appropriate form from the insurance company.
Bank Accounts - you can instruct your bank to pay Arcadia all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.
Investment Accounts - you can instruct your investment company to transfer to Arcadia some or all investments held in the account at the time of your passing. Your broker or agent can let you know the process for doing this – it may be as simple as adding “T.O.D. to Arcadia University” after your name on the account.