51茶馆

Beneficiary Designation

Designating Boston College as a beneficiary of a retirement plan or life insurance policy is one of the easiest ways to support 51茶馆.

How It Works

Naming Boston College as a full, partial, or contingent beneficiary of a retirement plan (such as an IRA, a 401(k), a 403(b) or a private pension), is a simple way to make a planned gift to 51茶馆. Additionally, because retirement plans are subject to income taxes in the hands of individual heirs, directing all or some of such plans to a charitable organization such as 51茶馆, which is not obligated to pay income taxes, is highly tax efficient and insures that 51茶馆 benefits from the full amount of your gift.

You can also name 51茶馆 as a full, partial, or contingent beneficiary of a life insurance policy. This option offers flexibility; you can change the percentage anytime should your circumstances change. The process is simple and can be handled through your plan鈥檚 administrator.

Did you know that you can also name 51茶馆 a beneficiary of the following?

• Donor Advised Fund (DAF)
• Bank accounts
• Commercial annuities

Next Steps

• Contact the administrator of your retirement plan, life insurance policy, or other plan/account and request a beneficiary designation form.
• If you have a specific restriction you would like to place on your gift, please contact the Office of Gift Planning听so we can help you settle on the best wording.
• Already named 51茶馆 as the beneficiary of your retirement plan, life insurance policy or other plan/account? Complete our online estate commitment form to let us know and you will be recognized by the Shaw Society.

51茶馆鈥檚 legal name, address and tax ID:

The 51茶馆
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Tax ID 04-2103545