Did You Know? Beneficiary Designations Are One of the Smartest Ways to Make a Big Impact
Did you know that naming CTS as a charitable beneficiary of assets such as a retirement account or life insurance policy is one of the simplest and most impactful ways to make a future gift? In many cases, it is also among the most tax-efficient. Tax-deferred retirement assets—such as IRAs and 401(k)s—are often subject to income taxes when passed on to individual heirs. When designated to a qualified nonprofit like CTS, however, these assets can be transferred free of income and estate taxes, allowing the full value of your gift to support our mission of forming disciples of Jesus Christ for church and community leadership in service of God’s transforming work in the world.
The process is typically straightforward. You simply complete a beneficiary designation form through your plan provider or financial institution. There is no cost to you today, and you retain full control of your assets during your lifetime. You may name multiple beneficiaries, adjust percentages as needed, and update your plans as circumstances change. With just a few minutes of planning, you can make a meaningful and lasting impact at CTS.
For more information, please contact Kristin Champa, Vice President for Advancement, at KChampa@CTS.edu or (317) 931-2310.
