It is very easy to name Lund as a beneficiary of your life insurance policy or retirement plan. This allows your generous support and commitment to Lund’s work to continue after your lifetime.
So you can decide that 100% of your benefit should go to Lund, or 80% to your family and 20% to Lund, or any combination you would like.
It is also possible to name Lund as your secondary beneficiary. If, for example, your primary beneficiary is your spouse and you have no children or other heirs, you can name Lund as the secondary beneficiary in case your spouse dies with or before you.
Another option is to designate Lund as the beneficiary of your retirement account. Under this option, Lund will be treated as receiving the distribution; therefore, neither you nor your estate will owe income taxes on the amount. While the amount will be included in your taxable estate, your estate will receive a deduction for the amount inherited by Lund, resulting in an offset of the estate taxes.
Again this is straightforward to do, simply request a beneficiary designation form from your retirement plan administrator. Complete the form naming Lund as the beneficiary of your retirement account assets and indicate that Lund is a charity. You may need the identifying information below to complete the form.
Lund Family Center, Inc.
50 Joy Drive, South Burlington, VT 05403
EIN: 03-0179434
Click here to download a copy of Lund’s 501c3 certification.
Both of these options are easy and flexible. You may change your listed beneficiaries at any time.
To let us know that you have included as a beneficiary of your life insurance or retirement policies or if you have any questions, please contact Sharon Lifschutz, Director of Development at (802) 861-2580 or sharonl@lundvt.org
The purpose of this page is to provide general gift, estate, and financial planning information. It is not intended as legal, accounting, or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained. Consult an attorney for advice if your plans require revision of a will or other document.
