Who can be a beneficiary?

Any U.S. citizen or resident alien (with a tax identification number) is able to be a beneficiary of an IRA or ESA account. Also, you can designate entities – groups or organizations (such as a trust or charity) – to be a beneficiary. The entity you name needs to be based in the United States.

Tip: Be sure to include as much information as possible about the entity, especially its Tax ID#.