Beneficiary Designation
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Benefit ministry without any hassle.
Beneficiary designation allows you to give assets like a life insurance policy or retirement plan to ministry after your passing. It is one of the easiest and most tax-efficient ways to support Kingdom work, because updating a beneficiary designation doesn’t require changes to your will or trust.
Key Benefits
Provide Control and Flexibility
Beneficiary designations are revocable until your death; you control which ministry or ministries you want to support and the asset percentage each beneficiary receives.
Reduce Potential Tax Burden
Depending on the asset, these gifts can reduce or eliminate income taxes for your heirs, as well as minimize estate taxes, if applicable.
Give with Ease and Simplicity
Most beneficiary designations require a single form and typically don’t necessitate changes to your will, trust or estate plan.Start Here
Our experienced staff will help you support charitable causes you care about.
CONNECT WITH US
Virtually, by phone or in person, our giving professionals are ready to help.
FILL OUT TWO FORMS
Account Beneficiary Form: Designate “The Baptist Foundation of Oklahoma dba WatersEdge Advisors” (EIN: 73-0623038) as the beneficiary of the asset you’re giving to ministry.
WatersEdge Form: Sign a document directing WatersEdge how to use the assets.
DO GOOD
Enjoy potential tax advantages and feel good knowing your gift will support ministry and advance God’s Kingdom.
Which Accounts Work With Beneficiary Designation Gifts?
A Beneficiary Designation May Be Perfect If:
You have a life insurance policy but don't have any children to inherit the benefit.
You want a simple way to give generously.
You want to give to a new ministry but don't want to update your will or trust.
You're looking for a way to minimize income tax to beneficiaries.
Create Your Beneficiary Designation Today
Review Your Giving Options
When you start a giving plan, the details make all the difference. It’s important to consider your family situation, tax considerations and charitable goals.
Make the right choice with a simple side-by-side comparison.
