See How It Works
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three simple steps to make this type of gift. Here's how to name University of South Carolina or one of its affiliated foundations as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
A Real-Life Example: Meet Edwin "Rudy" Jones
Thousands of Carolina students and alumni understand the theory of relativity thanks to physics professor Edwin "Rudy" Jones.
Although officially retired, Jones is teaching a course this fall, Physics in the Visual Arts.
"We don't have a lot of fancy equipment. It's all basic optics and things you can see with your eye, but I get a lot of 'oohs and aahs,' which is good," says Jones.
The fact that, after 50 years as a college professor, Jones still gets excited about science is also worthy of a few "oohs and aahs." Jones and his wife, Betty, are doing what they can to assure future students have the same twinkle in their eyes while speaking about scientific principles.
By designating the University of South Carolina Educational Foundation as beneficiary of a portion of their retirement assets, the couple has created the Dr. Edwin R. and Mrs. Elizabeth F. Jones Endowed Scholarship Fund. This fund was created to provide financial support to juniors and seniors at Carolina who are majoring in physics, chemistry or mathematics. Read More
Gift Planning Resources
Download our FREE guide Beneficiary Designations: The 3 Easiest Ways to Leave Your Legacy.View My Guide
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
Download our FREE Personal Estate Planning KitDownload My Kit
Our expert development officers are here to help you tailor your gift to benefit you and the university.
the Office of Gift Planning
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The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.