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