Keith has been a faithful supporter of American Friends of Tel Aviv University and makes regular gifts to support our work. Recently, Keith talked to our staff and expressed his interest in naming American Friends of Tel Aviv University as a beneficiary of his estate, but he wanted to keep the process as simple and inexpensive as possible.
Keith: I love supporting American Friends of Tel Aviv University. It really gives me a sense of joy and fulfillment. As a donor, I want to leave a meaningful gift to American Friends of Tel Aviv University in my estate plan.
One day, Keith talked to Sharon, a TAU alumna. Sharon told Keith that she recently made a "payable on death" or "POD" gift to American Friends of Tel Aviv University. Keith asked Sharon to explain how the gift works. Sharon told Keith 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 charity when he passes away.
Keith: Sharon shared a lot of great information about POD gifts. I decided to name American Friends of Tel Aviv University 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 my needs ever change.
Is a payable on death (POD) gift right for you?
If you would like to leave a gift to our organization that is simple, inexpensive and flexible if your needs change, please consider a payable on death bequest. 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 to our organization. Since the benefits of a POD gift may differ depending on your personal circumstances, please consult with your legal, tax or financial advisor.