Make a Gift in 3 Easy Steps
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three simple steps to make this type of gift. Here's how to name Claremont Graduate University as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
Imagine the Following Scenario
You and your spouse or partner treasure the financial help you've been able to give your children and CGU over the years. As a couple, you recently updated your will to leave stocks and real estate to your kids. You left CGU a $75,000 IRA to be transferred following your lifetimes. Because CGU is tax-exempt, all $75,000 will help support our mission.
If you and your partner had left the IRA to your children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for your family's use. You are happy knowing you are making the most out of your hard-earned money thanks to your updated estate plan.
*Based on an assumption of a 24% marginal income tax bracket.
See How It Works
- Contact Claremont Graduate University at (909) 621-8027 or firstname.lastname@example.org for additional information on beneficiary designations and how they can help support CGU with our mission.
- Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
- If you name CGU in your plans, please use our legal name and federal tax ID.
Legal Name: Claremont Graduate University
Address: 165 E. 10th Street, Claremont, CA 91711
Federal Tax ID Number: 95-1664100
Download our FREE guide Beneficiary Designations: The 3 Easiest Ways to Leave Your Legacy.View My Guide
Fund Your Donation With:
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
Make Sure You Have a Plan for All Your AssetsDownload My FREE Personal Estate Planning Kit
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.