Planned Giving

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Jennifer Destefani
Vice President of Institutional Advancement
Office of Institutional Advancement
Phone: 860-832-1767
Fax: 860-832-1768
Email: jdestefani@ccsu.edu

Disclaimer

The information contained herein was accurate at the time of publication. It is provided for informational purposes only and does not constitute legal or tax advice. Individuals seeking such advice should consult with a licensed attorney or qualified tax advisor. Any figures presented are intended solely for illustrative purposes. References to tax rates pertain exclusively to federal taxes and are subject to change. Please note that state laws may also influence individual outcomes.

Beneficiary Designations

Give in Just 3 Simple Steps

Beneficiary Designations Offer Flexibility and Ease

If you're not ready to make a commitment through your will or estate plan, consider a more flexible option: naming Central Connecticut State University as a beneficiary.

You can do this through:

  • Retirement accounts (like IRAs or 401(k)s)
  • Life insurance policies
  • Commercial annuities

This type of gift is easy to set up and you can complete it in three quick steps:

  1. Request a beneficiary designation form from your retirement plan provider, insurance company, bank, or financial institution.
  2. Decide the percentage (from 1% to 100%) you wish to leave to Central Connecticut State University and fill in the form accordingly.
  3. Submit the completed form to your provider to finalize your designation.

This simple, flexible option allows you to support Central’s future without adjusting your will.

Fund Your Donation With:

Welte Hall main entrance

Putting the Plan into Action

Robert and Carol have always valued the opportunity to support both their children and Central over the years. In reviewing their estate plan, they recently chose to leave their stocks and real estate to their children, while designating a $75,000 IRA gift to Central after their lifetime.

Because Central is a tax-exempt organization, the full $75,000 will directly benefit our mission. Had they left the IRA to their children instead, nearly $18,000* could have been lost to federal income taxes, leaving only $57,000 for their family.

With this thoughtful adjustment, Robert and Carol are confident their legacy will make the greatest possible impact for both their loved ones and the causes they care about.

*Assuming a 24% marginal income tax rate.

Next Steps

  1. Contact Jennifer Destefani at 860-832-1767 or jdestefani@ccsu.edu for additional information on planned giving.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Central in your plans, please use our legal name and federal tax ID.

    Legal Name: CCSU Foundation, Inc.
    Address: PO Box 612, New Britain, CT 06050-9921
    Federal Tax ID Number: 23-7354328