Beneficiary Designations

Not everyone wants to include a gift in their Will or estate plan—and that’s okay. Many people prefer the simplicity and flexibility of naming University of the Cumberlands as a beneficiary on assets they already own, such as:

  • IRAs and retirement plans

  • Life insurance policies

  • Donor-advised funds

  • Commercial annuities

This approach lets you keep full control of your assets during your lifetime while ensuring your legacy supports the next generation of students.

Just Three Easy Steps

  1. Request a form: Contact your retirement plan administrator, insurance company, bank, or donor-advised fund provider—or download the beneficiary designation form from their website.

  2. Choose your gift amount: Decide what percentage (from 1% to 100%) you want University of the Cumberlands to receive. List us as a beneficiary along with your chosen percentage.

  3. Submit the form: Return the completed form to your provider, and your gift is in place—no attorney required.

This simple option makes it easy to adjust your plans anytime, giving you peace of mind and maximum flexibility.

An Example of How It Works

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

If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 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 24% marginal income tax bracket.

Location

6191 College Station Drive Williamsburg, KY 40769

Phone Number

606-539-3571

Email address

[email protected]

Learn More

Download our FREE guide Beneficiary Designations: The Easiest Ways to Leave Your Legacy.

View My Guide

Next Steps

  • Contact Tyler Smith at 606-539-3571 or [email protected] for additional information on beneficiary designations and how they can help support Cumberlands with our 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 name Cumberlands in your plans, please use our legal name and federal tax ID.

Legal Name: University of the Cumberlands, Inc.
Address: 6191 College Station Drive, Williamsburg, KY 40769
Federal Tax ID Number: 61-0470593

Additional Resources

Not Sure How to Begin Planning?
Download My Free Personal Estate Planning Kit

Fund Your Donation With:

Please provide the following information to view the guide.

Please provide the following information to view the materials for planning your estate.

Bequest of Specific Dollar Amount or Percentage of an Estate 
“I hereby, give, devise, and bequeath $ DOLLARS, or ___% PERCENTAGE of my estate to University of the Cumberlands,  a nonprofit organization located at 6191 College Station Drive, Williamsburg, KY,  40769 Federal Tax ID #61-04710593, for its general use and purpose.” 
 
 
 
Bequest of Specific Personal Property 
“I hereby, give, devise, and bequeath (DESCRIPTION OF PROPERTY) to University of the Cumberlands, a nonprofit organization located at 6191 College Station Drive, Williamsburg, KY,  40769 Federal Tax ID #61-04710593, for its general use and purpose.”