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Help us shape the future

Help us shape the future

Beneficiary Designation

A Legacy Made Simple

Would you like to help continue the extraordinary legacy of generous support to Moravian Theological Seminary’s commitment to prepare men and women for effective leadership and service in congregational, counseling, chaplaincy, teaching, and other ministries?

You can do this by designating Moravian Theological Seminary as a beneficiary of certain assets or accounts you own. You arrange your gift now and at your passing your gift becomes available to Moravian Theological Seminary to use as you have directed.

You can name Moravian Theological Seminary as the sole beneficiary of your assets or as one of several beneficiaries. For example, you can use some of your assets to make a donation and the rest to provide for family members or other loved ones.

Retirement Assets

An alternative to a bequest gift is to designate the Moravian Theological Seminary as the beneficiary of your retirement assets. This gift is simple because you can control the transfer of these assets at your death without changing your will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. There is no need to modify your will or living trust.

A gift of retirement assets has the added advantage of being among the most tax-wise ways to make an estate gift. This is because your retirement assets, if left to individuals, will be subject to income tax when they receive distributions and, in the case of most non-spouses, those distributions must take place within 10 years, potentially pushing designated beneficiaries into higher tax brackets. With a gift to a non-profit such as Moravian Theological Seminary, 100 percent of the funds are available for its charitable purposes. If you want to remember us in your estate plan, it is often better to leave other types of assets – cash, securities, real estate – to your heirs and give the more heavily taxed retirement asset to Moravian Theological Seminary.

Life Insurance

Life Insurance policies can also be used to make a gift to the Moravian Theological Seminary. Complete and return to the insurance company a form designating that the Moravian Theological Seminary receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming the Moravian Theological Seminary as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.

Other Assets

Commercial Annuity Contracts - a commercial annuity will sometimes have a remaining value at the end of the annuitant’s lifetime. You can name the Moravian Theological Seminary to receive all or part of this amount by designating it as a beneficiary (sole or partial) on the appropriate form from the insurance company.

Bank Accounts - you can instruct your bank to pay Moravian Theological Seminary all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.

Investment Accounts - you can instruct your investment company to transfer to the Moravian Theological Seminary some or all investments held in the account at the time of your passing. Your broker or agent can let you know the process for doing this – it may be as simple as adding “T.O.D. to Moravian Theological Seminary” after your name on the account.