Designate Berkeley as a beneficiary of retirement accounts, brokerage accounts, or Donor Advised Funds.
How it works
You name Berkeley as a beneficiary of your IRA, 401(k), or other qualified plans.
Work with the Office of Gift Planning to document your gift purpose via a letter of direction.
After your lifetime, all or a portion of the remaining assets in your plan pass to Berkeley tax-free.
How you benefit
- You can continue to take distributions from your accounts and make grant recommendations during your lifetime.
- You can create a tax-efficient estate plan by leaving other assets to your loved ones, which are not subject to both income and estate tax.
- You can change your beneficiary designation at any time.
- You can use a beneficiary designation to fund a Testamentary Charitable Remainder Trust with retirement assets or brokerage account assets, which can pay income to a loved one for life or a term of years.
