Beneficiary Designations

Passionate about supporting Badin’s mission even after your lifetime? It’s not only possible, it’s easy to do with a beneficiary designation. Just name Badin as a beneficiary on life insurance policies and/or retirement plans. You simply fill out a form that is entirely separate from your will—which makes this approach an easy way to give.

Not only is it easy, but it’s also flexible—you aren’t locked into the choices you make today. You can review and adjust beneficiary designations anytime you want without the counsel of an attorney or professional advisor.

Check Out This Potential Scenario
Bob and Sue treasure the financial help they’ve been able to give their children and Badin over the years. Now that their kids are grown, Bob and Sue changed their estate plan so it could work harder for the people and causes they love. The couple updated their will to leave stocks and real estate to their kids. And they left Badin a $75,000 IRA to be transferred after their death. Because Badin is tax-exempt, all $75,000 will help support our mission.

If Bob and Sue had left the IRA to their children, approximately $21,000* would have gone to pay federal income taxes—leaving only $54,000 for their family’s use. Bob and Sue are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.

*Based on an assumption of a 28% marginal income tax bracket.

Learn How to Fund It
You can name Badin the beneficiary of the following assets:

• Retirement Plan Assets
• Life Insurance
• Commercial Annuities
• Bank Accounts, Certificates of Deposit or Brokerage Accounts
   

Next Steps

• Contact Brian Pendergest at 513-863-3993 or bpendergest@BadinHS.org for additional information on beneficiary designations and how they can help support Badin’s mission.
• Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
• If you include Badin in your estate plans, please use our legal name and Federal Tax ID:
  Legal Name: Stephen T. Badin High School
  Address: 571 New London Road, Hamilton, OH 45013
  Federal Tax ID Number: 31-0537113

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.