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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:
It is very simple to name Scripps College as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider's website. Make your desired changes and return the form to establish your gift.
Carol treasures her memories at Scripps College and the financial help she received that made her education possible. She recently updated her will to leave stocks and real estate to family members. She left Scripps College a $75,000 IRA to be transferred following her lifetime. Because Scripps College is tax-exempt, all $75,000 will help support our mission.
If Carol had left the IRA to her family, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their use. Carol is happy knowing she is making the most of her hard-earned money thanks to her updated estate plan.
*Based on an assumption of a 24 percent marginal income tax bracket.
Legal name: Scripps College
Address: 1030 Columbia Avenue, #2009 Claremont, CA 91711
Federal tax ID number: 95-1664123
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