Your act of generosity, our longevity.
With gift planning, you can provide long-lasting support for our organization while enjoying financial benefits for yourself.
Gift of a Bank Account When No Longer Needed (POD)
Keith has been a faithful supporter of Boys Home and makes regular gifts to support our work. Recently, Keith talked to our development staff and expressed his interest in naming Boys Home as a beneficiary of his estate, but he wanted to keep the process as simple and inexpensive as possible.
Keith: I love volunteering at Boys Home! I come up as part of a group at our church. We do maintenance and simple construction types of things. It really gives me a sense of joy and fulfillment to see the boys "in action" so to speak. I not only support the organization with my time, I try to make annual gifts as well. As a donor, I want to leave a meaningful gift to Boys Home in my estate plan.
The development staff told Keith that another donor recently made a "payable on death" or "POD" gift to Boys Home. Keith asked for information on how the gift works. Keith was informed that with a POD gift, he could contact his bank or credit union and request a POD beneficiary designation form. By filling out the form and sending it back to his credit union, Keith could direct the credit union to pay the balance of any account he designates to Boys Home when he passes away.
Keith: They shared a lot of great information about POD gifts. I decided to name Boys Home as the payable on death beneficiary of two accounts at my bank. Not only was the process simple - it didn't cost a thing. I also liked that a POD gift gives me flexibility-I still own the accounts and can use the money in those accounts if an emergency comes up and I really need that money.*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our organization.