Beneficiary Designations

Beneficiary designations are one of the simplest and most flexible ways to make a gift. As you think about ways to arrange your charitable legacies, keep in mind the following reasons why this gift type is so popular and might be a smart way for you to give:

• You can make the gift without having to revise your will or living trust.
• It is easy to modify the beneficiary forms to adapt to changing intentions and circumstances.
• Arranging such a gift is simple and generally entails little or no expense.
• When a charity is a beneficiary of retirement funds, those funds will not be subject to income tax.
• You may save estate taxes, depending on the size of your estate.
• The gift becomes available to the charity with little delay.

How to Make a Gift by Beneficiary Designation

It's simple! You ask your policy administrator for a change-of-beneficiary form, or you can often find this form on your provider's website, and then name University of Hawai‘i Foundation.

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