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How Beneficiary Designations Work

You can easily name the University as a beneficiary of a life insurance policy or retirement plan, such as an IRA, 401(k), or 403(b).

Simply complete a beneficiary designation form with your insurance policy provider or with the administrator of your retirement plan. Both can be done at no cost.

Boston College can be designated as a partial (1­–99 percent), whole, or contingent beneficiary, while BC’s tax-exempt status enables assets to pass free of tax to the University.

Like a bequest, a beneficiary designation enables you to:

  • Make a significant contribution to BC without drawing on current assets
  • Remove assets from your estate and reduce tax liability
  • Help secure your alma mater’s long-term success, while managing your own financial future

To discuss your giving options in confidence, please contact the Office of Gift Planning at 877-304-SHAW or legacygiving@bc.edu.

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