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 Iowa 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.

Learn More

Download our FREE guide Beneficiary Designations: The 3 Easiest Ways to Leave Your Legacy.

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See How It Works

A Logical Plan

HoushAllen Housh always wanted a career in agriculture, so it was no surprise that he majored in agricultural education at Iowa State University. Although he didn't end up teaching agriculture after he graduated in 1957 as he expected, he did have a successful career, retiring as a corporate vice president for transportation with Cargill.

When deciding how to continue his relationship with Iowa State, Allen and his wife, Jean, established a scholarship for students majoring in agricultural education. They are ensuring this scholarship will continue in perpetuity by designating the Iowa State University Foundation as a beneficiary of their IRA assets after their lifetime. Because of our tax-exempt status, 100 percent of their gift will be used to fund the Housh Scholarship for Agricultural Education and Studies.

"The most logical thing we could do with the IRA was to give it away rather than have our estate pay taxes on it," Allen says. "It felt really good to be able to do this for current and future students of Iowa State." Read More

Next Steps

  1. Contact the office of gift planning at 800.621.8515 or for additional information on beneficiary designations and how they can help support Iowa State 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 Iowa State in your plans, please use our legal name and federal tax ID.

Legal Name: The Iowa State University Foundation
Address: 2505 University Boulevard, P.O. Box 2230, Ames, IA 50010-2230
Federal Tax ID Number: 42-1143702