Beneficiary Designations

A Simple Way to Create Forever Value

Passionate about supporting the work of the Church even after your lifetime? It's not only possible, it's easy to do with a beneficiary designation through the CLFA.

Beneficiary Designation

Passionate about supporting the work of the Church even after your lifetime? It's not only possible, it's easy to do with a beneficiary designation. Just name the Catholic Legacy Foundation or one of its affiliated funds as a beneficiary to receive assets such as retirement plans and life insurance policies after you're gone. You simply fill out a form that is entirely separate from your will—which makes this approach an easy way to give.


A beneficiary designation allows you to name the Catholic Legacy Foundation of Acadiana or a fund it manages as the beneficiary of specific assets that you have. Upon your passing, these assets are transferred directly to the Foundation, creating an enduring gift that supports Catholic causes. You can designate funds from:


  • Retirement accounts (e.g., IRAs, 401(k)s)
  • Life insurance policies
  • Donor advised funds
  • Commercial annuities

Benefits of Beneficiary Designations

Life Insurance | Naming the Foundation or an affiliated fund as both owner and beneficiary, you receive immediate tax benefits.  For instance, you may be entitled to an immediate tax deduction for the accumulated cash value of a life insurance policy (if any) and a future deduction for any subsequent premiums that are paid.


Retirement Accounts | When a distribution is made from your retirement plan account, your beneficiaries will owe federal income tax. Consider leaving your loved ones less heavily taxed assets and leaving your retirement plan assets to the Foundation.  As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate to us from your plan to help the causes that matter to you most.


You can create a meaningful legacy without affecting your financial stability during your lifetime.


  • Simplicity — Updating beneficiary information is straightforward and does not require changes to your will or trust.
  • Flexibility — Retain control of your assets during your lifetime and make updates as needed.
  • Tax Efficiency — Designating a tax-exempt organization like the Foundation may reduce the tax burden on your estate.
  • Impactful Giving — Ensure your legacy supports Catholic ministries for future generations.

How it Works

  • Obtain the Form

    Request or download a change-of-beneficiary form from the provider of your retirement plan, insurance policy, or account administrator.

  • Complete the Form

    Decide what percentage (1 to 100) you would like the Catholic Legacy Foundation of Acadiana (Tax I.D. #99-4679427) to receive and name us, along with the percentage you chose, on the beneficiary form. Return the completed form.

  • Notify the Foundation

    Contact the Foundation to inform us of your goals for the gift so we can ensure it is used as you intend.

Need Assistance?

Key Considerations

  • Irrevocability — Beneficiary designations are recorded as gifts only when they become irrevocable.
  • Alignment with Your Goals — Ensure the designated fund or program aligns with your charitable intentions and Catholic values.

Start Your Legacy Today

Together, we can create Forever Value with a legacy of faith that lasts for generations.

For more information or to discuss how to name the Catholic Legacy Foundation as a beneficiary, contact us.


Phone (337) 261-5642 | Email mtrahan@CLFAinc.org | Contact Us