Beneficiary designations are one of the simplest and most flexible ways to make a gift. As you think about ways to arrange your charitable legacies, keep in mind the following reasons why this gift type is so popular and might be a smart way for you to give:
- You can make the gift without having to revise your will or living trust.
- It is easy to modify the beneficiary forms to adapt to changing intentions and circumstances.
- When the Evans Scholars Foundation is a beneficiary of retirement funds, those funds will not be subject to income tax.
- You may save estate taxes, depending on the size of your estate.
You can name the Evans Scholars Foundation as a beneficiary of any of these financial instruments: IRA or qualified retirement plan distributions, donor-advised funds, insurance products, bank accounts or brokerage accounts. Please consult your professional legal and tax advisors for personalized counsel.
Next Steps
- Request a change of beneficiary form from the administrator of your retirement plan, insurance policy or brokerage account, or download a form from your provider's website.
- Designate the percentage you would like the Evans Scholars Foundation to receive. Name us and indicate the percentage you chose on the beneficiary form.
- Return the completed form to your provider.
- Contact us to let us know your goals for the gift so we can thank you and ensure your gift is used as intended.
Information Needed to Name ESF as a Beneficiary:
Evans Scholars Foundation
Federal Tax ID No. 36 - 2518129
2501 Patriot Blvd.
Glenview, IL 60026
847-724-4600
If you have questions, please contact Kevin Kissane at