Gifts in a will or by beneficiary designation are two easy ways to provide transformative education to U of I students for years to come — and they don’t cost anything now.
If you have already included a gift in your estate plans to benefit the future of U of I, be sure to let us know so that we may best honor your wishes.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for U of I. Once you have provided for your loved ones, we hope you will consider making excellence in education part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
Your gift will create your legacy of excellence in education.
You can alter your gift or change your mind at any time and for any reason.
Costs you nothing now to give in this way.
Four simple, “no-cost-now” ways to give in your will
A residual gift in your will or living trust leaves U of I the remainder of your estate after other gifts, debts and taxes have been paid.
A specific gift in your will or living trust leaves U of I a specific dollar amount or stated fraction of your estate or specified items (collections, art, books, jewelry and so on).
A contingent gift in your will or living trust leaves U of I a stated share of your estate only if a spouse, family member or other beneficiary does not survive you.
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to U of I contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in our land-grant mission — and it costs you nothing now.
By naming U of I as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of excellence in education.
Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with U of I
Types of Gifts
Retirement plan assets
You can simply name U of I as a beneficiary of your retirement plan to advance the transformative education that our students receive.
Life insurance policies
You can name U of I as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, U of I will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name U of I (Tax ID: 23-7098404) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward providing transformative education for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name U of I as a “successor” of your account or a portion of your account value, you demonstrate your commitment to education, learning and the future of our state.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: University of Idaho Foundation, Inc.