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Beneficiary Designation Gifts

A beneficiary designation gift is a simple and affordable way to make a gift to support University of Oklahoma Foundation. You can designate us as a beneficiary of a retirement account or your life insurance policy.

Flowchart: Donor executes designation form with account custodian to designate OU as beneficiary of a retirement account or life insurance policy.

Benefits of a beneficiary designation gift

  • Support the causes that you care about
  • Simplify your planning and avoid expensive legal fees
  • Potentially reduce the burden of taxes on your family
  • Receive an estate tax charitable deduction

How a beneficiary designation gift works

  1. To make your gift, contact the person who helps you with your retirement account or insurance policy.
  2. Ask them to send you a new beneficiary designation form.
  3. Complete the form, naming the University of Oklahoma Foundation, sign it and mail it back to your financial institution.
  4. Provide a copy of the form to the OU Foundation and contact us to discuss the way in which you would like your gift to benefit OU.
  5. When you pass away, your retirement account or insurance policy will be paid or transferred to the OU Foundation, consistent with the beneficiary designation.

Important considerations for your future

If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement account. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.

Contact us

If you have any questions about leaving a beneficiary designation gift to us, please contact us. We would be happy to assist you.

If you have already designated us as a beneficiary, please let us know. We would like to recognize you and your family for your gift.

Additional Information

Flexibility — Most beneficiary designation forms are very flexible. You can name the OU Foundation as a "full" or "partial" beneficiary of your retirement account or life insurance policy. You can also name the OU Foundation as a "primary" or "contingent" beneficiary.

Family Considerations — Beneficiary designation gifts allow you to provide for family and support the causes that matter most to you. With a designation form you could, for example, name your spouse as the "primary" beneficiary and each of your children and the OU Foundation as "partial contingent" beneficiaries. With this arrangement, if your spouse survives you, he or she would receive the account. If not, the account or policy would be paid out to your children and the OU Foundation in whatever shares (or percentages) that you chose on the designation form.

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