Gifts by Beneficiary Designation
It’s easy to set up a legacy gift through a beneficiary designation in your retirement plan, insurance plan, or other asset. When you do, you create your legacy with Cottey College – a legacy of learning and leadership for women.
Retirement funds gift
This option is becoming more and more popular, and this is why. When you designate Cottey College as a beneficiary of your retirement plan, you give the gift that reduces your taxes, costs you nothing now, and strengthens the college so that more women can benefit from the transformational education they receive here.
Benefits to you include each of the following:
Reduce or eliminate taxes on retirement assets
Remove highly taxable assets from your estate by direct beneficiary designation
Reduce or avoid probate fees
Retain your current assets – there is no cost to you now
Create your legacy of women’s leadership with Cottey
To name Cottey College as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.
If you have bonds that have stopped earning interest and that you plan to redeem, you will owe income tax on the appreciation. In the end, your heirs will receive only a fraction of the value of the bonds in which you invested. Since Cottey College is a tax-exempt institution, naming us as a beneficiary means that 100 percent of your gift will go toward supporting and strengthening our unique educational experience.
CDs, bank accounts, brokerage accounts and commercial accounts
This method is one of the best and easiest ways to make a real difference for generations of Cottey students. Naming Cottey College as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account helps create incredible futures for women.
Donor-Advised fund (DAF) residuals
Final distribution of contributions remaining in a Donor Advised Fund is governed by the contract you completed when you created your fund. Consider naming Cottey College as a “successor” of your account or a portion of your account value. Your support is important, because we all want women to grow and succeed.