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Make us a beneficiary of your IRA or other “non-probate” assets

Plan your beneficiaries

Why beneficiary designations are so powerful

Assets not included in your will are called non-probate assets. Examples are 401(k)s, IRAs, life insurance policies, and other accounts. Designating the Lorain County Community College Foundation as a beneficiary can have a big impact and may avoid unwanted taxes for your heirs.

Charitable benefits

Receive an estate tax charitable deduction
Reduce the burden of taxes on your family
Continue to use assets or property during your lifetime
Leave a lasting legacy to Lorain County Community College Foundation

Common gifted assets for beneficiaries

  • IRA
  • 401(k)
  • Life insurance
  • Joint real estate
  • Joint bank accounts
  • Joint property ownership

Designate Lorain County Community College Foundation as a beneficiary to one or more of your accounts.

We have partnered with FreeWill to offer this free online platform that will walk you through the process of setting up your beneficiaries. These gifts have a big impact and can often prevent unwanted taxation.


Planned giving helps fuel Lorain County Community College Foundation’s mission

A gift in your will creates a foundation for the future. Our work today is important, but it is equally, if not more important, to ensure Lorain County Community College Foundation can continue well into the future.

C. Paul Stocker’s Story


In 1973, one of the very first initiatives of the newly established Lorain County Community College Foundation were to bring a performing and fine arts center to the Lorain County Community College Campus. A fine arts center was to fill a crucial role, putting performances, cultural experiences, arts and educational events within reach of the diverse community of Lorain County.

By 1975, a plan was developed for the center, but it became clear that in order to bring the arts to Lorain County, private assistance would be needed to build such a facility. Plans for the facility seemed to stall until C. Paul Stocker, a successful industrialist and dedicated philanthropist came forward with a lead gift that energized the campaign and inspired others to support the cause. Sadly, Mr. Stocker would not live to see the facility open. To honor his support for the arts center and affection for the community, Foundation board chairman, Eric Nord, with unanimous support from his colleagues would champion to name the arts center after him.

In 1980, the C. Paul Stocker Fine Arts Center, commonly known as the Stocker Arts Center, opened its doors to the public for the first time. The facility is home to: -a fine art gallery named in honor of Beth K. Stocker -dance studios -a lecture hall -the Cirigliano Studio Theatre -a scene and costume shop -the 1,000 seat Hoke Theatre, and -the LCCC Arts and Humanities academic division Through the Performing Artists Series, the facility brings the beauty, creativity and vibrant cultural perspectives of the arts to more than 70,000 patrons of all ages and backgrounds each year.

Read more

Frequently Asked Questions

A non-probate asset is an account or other asset that won’t be governed by the decisions you make in a will. Instead, these accounts commonly have an assigned beneficiary that you choose. Types of non-probate assets include many retirement accounts, life insurance, some bank accounts and some assets (like a house or vehicle) that you jointly own with another person.

The most commonly gifted non-probate asset is an IRA or 401(k). This is because these accounts are always taxed (even for people below the estate tax threshold). Giving these accounts to charity keeps your heirs from having to pay unexpected taxes.

Yes! Even if you have a will in place you still need to designate beneficiaries for your non-probate assets.

Yes! Gifts of any size are deeply appreciated. Many people choose to leave a percentage of their estate, which scales up or down with your estate size.

No. You can usually make these easily and at no cost to you. 

Yes. You are always free to revise or update your estate plans.

We’re here to help you meet your goals!

Our team would be happy to speak with you in confidence about your giving goals, with no obligation.

Name: Andrea Zepernick

Title :Executive Assistant

Phone: 440-366-4039

Email: azepernick@lorainccc.edu

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More ways to make an impact

Gifts in a will or trust

Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).

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Popular tax-smart gifts

Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.

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Gifts that pay you back

Give assets while providing yourself or others with income for a period of time or distributions at a later date.

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