Beneficiary Designations

Make a Gift in a Few Easy Steps

If you are passionate about supporting the University Maryland, even after your lifetime, a beneficiary designation is an easy, impactful gift to consider. Some prefer the increased flexibility that a beneficiary designation provides by using:

  • IRAs and retirement plans
  • Life insurance policies
  • Donor advised funds
  • Commercial annuities
  • Bank and brokerage accounts

It is very simple to name Maryland as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider's website. The form provided to you is entirely separate from your will.

You are not locked into any of the choices you make today. You can review and adjust beneficiary designations at any time.

See How It Works

An Example of How It Works

Couples smiling Robert and Carol treasure the financial help they have been able to give their children and Maryland over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left Maryland a $75,000 IRA to be transferred following their lifetime. Because Maryland is tax-exempt, all $75,000 will help support our mission.

If Robert and Carol 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. Robert and Carol 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.

Next Steps

  1. Contact the administrator of your retirement plan, insurance policy or bank account for a change-of-beneficiary form, or simply download a form from your provider's website. 
  2. Decide what percentage (1 to 100) you would like the University of Maryland to receive and name us, along with the percentage you chose, on the beneficiary form. Return the completed form.
  3. Contact the Office of Gift Planning at giftplanning@umd.edu or 866.646.4UMD to let us know your goals for the gift so we can ensure it is used as you intend.

Legal name: University of Maryland College Park Foundation
Address: 4603 Calvert Road, College Park, MD 20740
Federal tax ID number: 52-2197313

Additional Resources

Learn More

Download our FREE guide Beneficiary Designations: Easy Ways to Leave Your Legacy.

View My Guide