Gift Upon Death Without a Will – Payable Upon Death
Keith: I think it is important to help young Catholics attend a private Catholic college. Helping to provide financial help really gives me a sense of joy and fulfillment.
I read about the scholarships funded at held at the Catholic Foundation of Northeast Kansas and decided that it would be easy to direct a gift to a fund using the Payable Upon Death charitable giving option.
He learned 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 charity when he passes away.
I read about the scholarships funded at held at the Catholic Foundation of Northeast Kansas and decided that it would be easy to direct a gift to a fund using the Payable Upon Death charitable giving option.
Keith: The Catholic Foundation's gift planning consultant shared a lot of great information about POD gifts. Not only was the process going to be 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 my needs ever change.
Is a payable on death (POD) gift right for you?
If you have questions or would like to learn more about POD beneficiary gifts, please contact us. We would be happy to assist you and answer any questions that you have.
*Please note: The name and image above is representative of a typical donor and may or may not be an actual donor for a Catholic Foundation fund. Since the benefits of a POD gift may differ depending on your personal circumstances, please consult with your legal, tax or financial advisor. The Catholic Foundation of Northeast Kansas offers a Catholic Advisors Network. For a list of Catholic estate planning, financial planning, charitable gift planning advisors, etc. please Contact us.
