Your act of generosity, our longevity.
With gift planning, you can provide long-lasting support for our organization while enjoying financial benefits for yourself.
Transferable on Death (TOD) Gifts
Fifteen years ago, Harold and Jeanne married after meeting at an event Boys Home. That made Boys Home even more special to them and they wanted to leave a substantial legacy gift that would support our mission and ensure that we remain financially strong well into the future.
Understandably, Jeanne and I have always felt a strong connection to Boys
Home and their work. Over the years we have seen the organization grow and
help so many youngsters. We wanted to make sure that they have the means to
continue to grow for years to come.
Jeanne: We talked to our investment advisor about planning goals and explained that one of our primary goals was to support Boys Home. Our advisor suggested a simple solution - naming Boys Home as a beneficiary of one of our mutual funds.
The advisor suggested that Harold and Jeanne use a "transferable on death" or "TOD" form. She explained that because Harold and Jeanne jointly owned the account, the TOD beneficiary designation form would ensure that they can benefit from the mutual fund during their joint lives, that the survivor of the two of them would continue to own the mutual fund for the rest of the survivor's life, and that after both pass away, the mutual fund would be transferred to Boys Home. The advisor provided the proper TOD beneficiary designation form, and Harold and Jeanne were able to complete the paperwork before they left her office.
We really liked the idea. Making a TOD gift was simple to set up and will
let us continue to use the mutual fund to meet our needs in retirement.
Harold: I like knowing that if I pass away, Jeanne will have enough to meet her needs. We both like knowing that Boys Home will receive the mutual fund after both of us pass away. We couldn't be happier with our giving strategy.