Beneficiary Designations

Make a Gift in a Few Easy Steps

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

IRAs and retirement plans
Life insurance policies
Donor advised funds
Commercial annuities

It is very simple to name the Lucile Packard Foundation for Children’s Health as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider's website. Make your desired changes and return the form to establish your gift.

Watch this video to learn more about beneficiary designations:

A Grandmother's Gift

It was 6 a.m. when Hai Chang and Phung Ly received the call that they will never forget. "They said, 'You need to come to the hospital as soon as possible but drive safely'," recalls Hai.

An Example of How It Works

Couples smiling Robert and Carol treasure the financial help they've been able to give their children and the Lucile Packard Foundation for Children’s Health over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left the Lucile Packard Foundation for Children’s Health a $75,000 IRA to be transferred following their lifetime. Because the Lucile Packard Foundation for Children’s Health 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.

Fund Your Donation With:

Next Steps

Contact the administrator of your retirement plan, insurance policy, or bank account for a change-of-beneficiary form, or simply download a form from your provider's website.
Decide what percentage (1 to 100) you would like the Lucile Packard Foundation for Children’s Health to receive and name us, along with the percentage you chose, on the beneficiary form. Return the completed form.
Contact the Office of Gift Planning at (650) 461-9990 or giftplanning@LPFCH.org to let us know your goals for the gift so we can ensure it is used as you intend.

Legal name: Lucile Packard Foundation for Children’s Health
Address: 400 Hamilton Avenue, Suite 340 | Palo Alto, CA 94301
Federal tax ID number: 77-0440090

Learn More

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

Free Estate Planning Tool