Retirement Accounts and IRAs
Naming OU as a beneficiary of a retirement plan account or IRA is a smart way to give and save your family taxes. Withdrawals from retirement accounts are usually fully taxable, no matter who receives the funds. That is, unless you designate a tax-exempt entity like OU as a beneficiary.
Because OU is tax-exempt, 100 percent of your retirement account or IRA gift will go towards creating your legacy.
Certificates of Deposit, Bank & Brokerage Accounts, Life Insurance
Another simple way to have a lasting impact is to name OU as beneficiary of a certificate of deposit, bank or brokerage account or life insurance policy.
Consider naming OU as a beneficiary of any contributions remaining in your donor-advised fund. Or, designate OU to receive a portion of the remaining account value, leaving the balance for your family or friends to continue your legacy of philanthropy.
Follow These Steps: