Beneficiary Designations

Estate and Planned Giving Beneficiary Designations

Not everyone wants to commit to making a gift in their will or estate; 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 Benedictine College Preparatory and/or Saint Gertrude High School as a beneficiary:
  1. Contact your retirement plan administrator, insurance company, bank, or financial institution for a change-of-beneficiary form.
  2. Decide what percentage (1 to 100) you would like us to receive and name Benedictine Schools Educational Foundation (with designating Benedictine College Preparatory and/or Saint Gertrude High School), along with the percentage you chose, on the beneficiary form.
  3. Return the completed form to your plan administrator, insurance company, bank, or financial institution.

An example of how it works:

John and Mary treasure the financial help they have been able to give their children and Benedictine College Preparatory and Saint Gertrude High School over the years. 
 
The couple recently updated their will to leave stocks and real estate to their kids. They left Benedictine College Preparatory and Saint Gertrude High School a $75,000 IRA (split 50% between both schools) to be transferred following their lifetime. Because Benedictine College Preparatory and Saint Gertrude High School are tax-exempt, all $75,000 will help support the two schools’ missions.
 
If John and Mary had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes-leaving only $57,000 for their family's use. John and Mary are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.

*Based on an assumption of a 24% marginal income tax bracket.

Next Steps:

Contact Director of Scholarship Giving
Kristina Pudner at 804.708.9581 or kpudner@benedictineschools.org.

Seek the advice of your financial or legal advisor.

List of 1 members.

  • Photo of Kristina Pudner

    Kristina Pudner 

    Director of Scholarship Giving

Legal Tax Information

If you include Benedictine College Preparatory and/or Saint Gertrude High School in your plans, please use the legal name (Benedictine Schools Educational Foundation) and federal tax ID number (45-3960058). Address is: 12829 River Road, Richmond, VA 23238
12829 River Road
Richmond, VA 23238
BCP Phone: (804) 708-9500
SGHS Phone: (804) 358-9114
Fax: (804) 784-5410
TAX ID: 27-0339456
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