Gifts That Cost You Nothing Now

Gifts in a Will and Gifts by Beneficiary Designation are two easy ways to make gifts that will have an impact on students and the world for generations to come — and they cost nothing now.

Gifts in a Will

A gift in your will is one of the easiest ways to create your legacy of facilitating the academic, social, and spiritual experiences we offer our students, the programs we pursue, and the relationships we build with the communities that surround us.

Together, we advance education that develops the whole person and makes the world better.

NO COST

Costs you nothing now to give in this way.

FLEXIBLE

You can alter your gift or change your mind at any time and for any reason.

LASTING IMPACT

Your gift will create your legacy of empowering the Loyola experience for future generations of students.

4 simple, “no-cost-now” ways to give in your will

General gift

Leaves a gift of a stated sum of money in your will or living trust. For example, you might decide to leave each of your grandchildren $10,000. It’s considered to be ‘general’ because it doesn’t specify from where the money comes from.

Residual gift
Leaves what is left over after all other debts, taxes, and other expenses have been paid.
Specific gift
Leaves a specific dollar amount, percentage, fraction, or specific items (collections, art, books, jewelry, and so on).
Contingent gift

Leaves a stated amount or share only if a spouse, family member, or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.

Gifts by Beneficiary Designation

It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in transforming the lives of students — and it costs nothing now.

By naming Loyola University Maryland as a beneficiary of these assets, you support our approach to Jesuit education and service to others. Your gift impacts the young and the old through Loyola and becomes your personal legacy to the world.

Potential benefits of gifts by beneficiary designation:

Reduce or eliminate taxes on retirement assets

Reduce or avoid probate fees

No cost to you now to give

Create your legacy with Loyola

To name Loyola University Maryland as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.

How to Change a Beneficiary Designation

Login to your account or request a Change of Beneficiary Form from your custodian (the business holding your money or assets).

Follow the links to change your beneficiary or fill out the form.

k

Be sure to spell the name of our organization properly: Loyola University Maryland, Inc.

h

Include our tax identification number: 52-0591623

N

Save or submit your information online or return your Change of Beneficiary Form.

Types of Gifts

A Gift of Retirement Funds (beneficiary of your retirement plan)

You can simply name Loyola University Maryland as a beneficiary of your retirement plan to advance our shared mission to educate and inspire. Since Loyola is a tax-exempt institution, naming us as a beneficiary means that 100% of your gift will go toward advancing our shared mission.

A gift of funds remaining in your bank accounts, brokerage accounts, or certificate of deposit (CD)

This is one of the easiest gifts to give and one of the most useful in accomplishing what you want – to inspire students to learn, lead, and serve in a diverse and changing world. The next time you visit your bank, you can name Loyola University Maryland (Tax ID: 52-0591623) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward continuing the ideals that have guided Jesuit universities for nearly 500 years.

Donor-Advised Fund (DAF) residuals

What remains in a Donor-Advised Fund is governed by the contract you completed when you created your fund. When you name Loyola University Maryland as a “successor” of your account or a portion of your account value, you create your legacy of transforming students’ lives for the betterment of the world. 

Savings Bonds

If you have bonds that have stopped earning interest, and you plan to redeem them, you might owe income tax on the appreciation. That could result in your heirs receiving only a fraction of the value of the bonds in which you invested. Since Loyola is a tax-exempt institution, naming us as a beneficiary means that 100% of your gift will go toward advancing our shared mission.

Complimentary Planning Resources are Just a Click Away!

I'm here to help

Stephanie H. Brizee, Ph.D.

Stephanie H. Brizee, Ph.D.

Director of Planned Giving

Loyola University Maryland
plannedgiving@loyola.edu
410-617-2689