Naming the Georgetown Prep as a beneficiary to your retirement plan assets, life insurance or insurance annuities is simple and has great benefits to Prep and your other beneficiaries.
- As retirement funds are tax-deferred, they are one of the most costly to distribute to heirs.
- When given to Georgetown Prep, they are tax-free and fully used to help continue to build a strong foundation of fiscal security and stability for Georgetown Prep and the young men it educates in the Jesuit Catholic tradition.
- Finally, beneficiary designations can be changed at any time if your situation alters.
How to Name Georgetown Prep as a Beneficiary
The terms of your will control the distribution of the majority of your assets, but life insurance, insurance annuities and and retirement plans require separate beneficiary forms. You must contact the manager of these accounts to edit your beneficiary designation to include "Georgetown Preparatory School."
If you have questions, please contact Mr. Sam Fosdick, Director of the Georgetown Prep Annual Fund. We are here to help and will hold any discussions in confidence.