Many financial assets, including life insurance, retirement plans (such as IRA accounts, pensions, annuities and 401K plans) and bank CD's, allow you to designate a beneficiary to receive the funds remaining in the account after your death.

Naming a charity, such as the SSCC Foundation, as the beneficiary of an account is an easy way to create a legacy gift. There is generally no need to change the terms of your will. The proceeds from the account are paid to the charity soon after your passing, avoiding the delay and potential expense associated with the probate process.

Simply contact the manager of your plan, policy or account and ask for a beneficiary designation form. In many cases you can even change your beneficiary by going online. Please contact us if you have any questions.