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Beneficiary Designations

Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides.

Beneficiary Designations

They gave the money, which had been apportioned, into the hands of those who did the work, who had the oversight of the house of the Lord;

(2 Kings 12:11)

Popular, Easy and Convenient

It's easy to designate your Episcopal Church or The Foundation of the Episcopal Church in Wyoming as a beneficiary for the following:

  • IRAs and retirement plans

  • Life insurance policies


Start by asking your policy administrator for a change-of-beneficiary form or download it from your provider's website. Make your desired changes and return the form to establish your gift.


These non-probate assets are not included in your will, so you need to plan your beneficiaries separately.


This type of gift is especially feasible for donors of modest means. You can consider purchasing a new whole-life policy, with your favorite Episcopal institution as both the owner and beneficiary. In this case, premiums are deductible. Alternatively, you can change the beneficiary of an existing whole-life policy that is no longer necessary for the original beneficiaries. Finally, consider making your Episcopal church a contingent beneficiary of an existing policy on which you plan to continue to pay.

Giving in Action

Beneficiary Designations

Rev. Linda and Gary Hudson have been members of Trinity Church, Lander, for many, many years – decades. After 20 years of marriage, Gary met an untimely death in 2006. Trinity Church then received a call from the Life Insurance Company Gary worked with and learned that Gary, many years earlier, had taken out a life insurance policy naming Trinity Church, Lander, as the only beneficiary. Click here to read more.

Beneficiary Designations

Rev. Mary Caucutt and Casey Horton wanted to make St. Andrew's in the Pines and Christ Church Cody the primary beneficiaries of a little, traditional IRA that Mary funded in her twenties. "I wanted to make a planned gift right away, and changing the IRA beneficiaries was the quickest way." Click here to read more.

CONTACT US

Our team would be happy to speak with you.

ALREADY INCLUDED US IN YOUR ESTATE PLAN?

Next Steps

Seek the advice of your financial or legal advisor.

If you include The Foundation in your plans, please use our legal name and federal tax ID.

 

Legal name: The Foundation for the Episcopal Diocese of Wyoming

Federal tax ID number: 83-0322442

The information on this website was accurate at the time of posting. However, it 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.

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