Make a Gift in 3 Easy Steps

Beneficiary Designations Are Easy and Flexible

Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides by using: 

  • IRAs and retirement plans
  • Life insurance policies
  • Commercial annuities

It only takes three, simple steps to make this type of gift. Here's how to name Winona State University as a beneficiary:

  1. Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
  2. Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
  3. Return the completed form to your plan administrator, insurance company, bank or financial institution.

See How It Works

An Example of How It Works

Older couple smiling Robert and Carol treasure the financial help they've been able to give their children and WSU over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left WSU a $75,000 IRA to be transferred following their lifetime. Because WSU is tax-exempt, all $75,000 will help support our mission.

If Robert and Carol 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. Robert and Carol 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 percent marginal income tax bracket.

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Next Steps

  1. Contact Winona State University Foundation Office at 1-800-242-8978 ext. 5020 or 507-457-5020 or PlannedGiving@winona.edu for additional information on beneficiary designations and how they can help support WSU with our mission.
  2. Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
  3. If you name WSU in your plans, please use our legal name and federal tax ID.

Legal Name: Winona State University Foundation
Address: Winona, MN
Federal Tax ID Number: Please contact us for our federal tax ID number.