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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 Zaytuna 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.
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Raahim and Safiya treasure the financial help they've been able to give their children and Zaytuna over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left Zaytuna a $75,000 IRA to be transferred following their lifetime. Because Zaytuna is tax-exempt, all $75,000 will help support our mission.
If Raahim and Safiya had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Raahim and Safiya are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24 percent marginal income tax bracket.
Legal name: Zaytuna College
Address: 2401 Le Conte Avenue, Berkeley, CA 94709
Federal tax ID number: 33-0720978
Download our FREE guide Beneficiary Designations: Easy Ways to Leave Your Legacy.