Beneficiary Designations

Make a Gift in a Few Easy Steps

Not everyone wants to commit to making a gift in their wills or living trusts. Some prefer the increased flexibility that a beneficiary designation provides by using:

IRAs and retirement plans
Life insurance policies
Bank accounts
Donor advised funds
Commercial annuities

It is very simple to name Binghamton University Foundation as a beneficiary. Request a change-of-beneficiary form from your policy administrator or download the form from your provider's website. Make your desired changes and return the form to establish your gift.

See How It Works

An Example of How It Works

Binghamton students on campus Robert and Carol treasure the financial help they've been able to give their children and the Foundation over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left the Foundation a $75,000 IRA to be transferred following their lifetime. Because the Foundation is tax-exempt, all $75,000 will help support our mission.

If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes — leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.

*Based on an assumption of a 24% marginal income tax bracket.

Fund Your Gift With:

Next Steps

Contact Gift Planning at 1-888-787-0540 (toll-free) or 607-777-6756 (local) or giftplan@binghamton.edu to discuss making a gift through a beneficiary designation.
Contact the administrator of your retirement plan, insurance policy or bank account for a change-of-beneficiary form, or simply download a form from your provider's website.
Decide what percentage (1 to 100) you would like Binghamton University Foundation to receive and name us, along with the percentage you chose, on the beneficiary form. Return the completed form.
After you have submitted your form, please be sure to inform us so that we may thank and recognize you in a way meaningful to you and ensure the gift will be used as you intend.

Legal name: The Foundation of the State University of New York at Binghamton, Inc.
Address: PO Box 6005, Binghamton, NY 13902-6005
Federal tax ID number: 16-6053710

Learn More

Download our FREE guide Beneficiary Designations: Easy Ways to Leave Your Legacy.

Free Estate Planning Tool