Your connection to Clarkson University can continue even after your lifetime. For some, it’s a continuation of a lifetime of giving, for others, it’s the most efficient way to support the University
You can designate that Clarkson receive all or a portion of what remains in an IRA (regardless of the type of IRA) or in most qualified retirement plans, such as 401(k) and 403(b) plans. The custodian of the account simply furnishes you with a beneficiary designation form that can be completed and returned to the custodian. Typically, there are additional tax benefits to donating these sorts of assets, such as keeping these assets out of your estate.
You may easily find beneficiary designation forms on your IRA administrator’s web site. You will usually need to first log in to your account and then look for the “forms” tab. Those wishing to add Clarkson as a beneficiary will need to know our full name:
- Clarkson University, 8 Clarkson Avenue, Potsdam, NY 13699
- Our Federal ID #, 15-0543659.
When you make Clarkson a beneficiary of your IRA, the administrator may assume no obligation to notify us. You, or a “trusted person” must advise Clarkson that a gift is coming. The administrator also will not monitor whether your gift designations are followed. That is why connecting with the Annie Clarkson Society is so important. You can contact the Annie Clarkson Society at 315-268-7778 (toll-free 1-877-928-4438) or e-mail AnnieSociety@clarkson.edu for further information.
You can also use a gift of life insurance by naming Clarkson as the sole or partial beneficiary of your plan.
These gifts cost nothing; you retain complete control over the assets during your lifetime and can spend the money as you wish. By naming Clarkson as the beneficiary, you simply allow any leftover funds, or a portion of those funds, to be transfer to us after your lifetime. You have the ability to adjust and review beneficiary designations anytime you want. Making Clarkson a beneficiary of your retirement plan or life insurance policy also makes you a member of the Annie Clarkson Society.
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This Web page does not provide legal or financial advice, nor is it a comprehensive review of the topic. You should consult your legal and financial advisors and Clarkson University before making or planning your gift.