You can make a gift to The Fellowship from your financial accounts, retirement plans or life insurance plans. This can be done outside of a will or trust and is one of the easiest ways to leave a legacy (be sure, however, to coordinate this type of gift with your overall estate planning strategy.)
Through a charitable beneficiary transfer, the remaining balances in a checking or savings account, Certificate of Deposit, brokerage account, or retirement account may be transferred directly to a charity upon your death by designating the account as Payable on Death ("POD") or Transfer on Death ("TOD") to a charity.
You may also name The Fellowship as a beneficiary of your life insurance policy.
These transfers may be made quickly and easily by contacting your financial institution to obtain a beneficiary designation form, which should then be completed and returned as directed.
- You keep control and ownership of the asset during your lifetime
- Potential estate tax savings
- An efficient means to provide a gift which will benefit the life changing work of The Fellowship
- The transferred account avoids probate
For more details on making a beneficiary transfer gift and other planned gifts, please contact us.