Directing a portion of your retirement plan proceeds to come to Austin Seminary at your death continues your lifelong commitment to theological education. You can designate a specific amount or percentage of your IRA, 401(k), or other plan to Austin Seminary by asking the administrator of your plan for a Change of Beneficiary form. You then name Austin Seminary as a beneficiary to receive all or a portion of your retirement assets. For an IRA or Keogh plan you administer personally, notify the custodian in writing, and keep of copy of the written notification with your valuable papers. There is normally no charge for making a beneficiary change.
The designation is:
“Austin Presbyterian Theological Seminary, Austin, Texas.”
Austin Seminary is a qualified 501(c) (3) non-profit organization.
Our Tax ID# is 74-1143056.
Selecting Austin Seminary as your retirement plan’s beneficiary and leaving other assets to your loved ones is a wise choice because money remaining in your retirement fund can be subject to both income and estate taxes, often leaving relatively little for your family and heirs.
You can designate that a specific amount goes to your family before any remaining funds go to Austin Seminary. Or, you can provide for Austin Seminary only in the event your spouse does not survive you. Many widows devote Retirement Proceeds in memory of their spouse.
Your group retirement plan can also be a gift for Austin Seminary. Visit your employer’s personnel office and ask to amend your group retirement plan to add Austin Seminary as one of your beneficiaries.
Office of Institutional Advancement