There are many ways to ensure your passions and favorite nonprofit organizations are taken care of into perpetuity. Making a planned charitable gift can be simple.
The most common is a bequest of a percentage or fixed amount through a will or trust. Individuals can also name a fund at the CFO as the beneficiary of a portion of a retirement account or life insurance policy.
Transfer on death can be added to anything with a title or deed – car, house, vacation home, etc. Pay on death can be added to a checking or savings account.
There are ways to structure planned charitable gifts that also provide life income through charitable gift annuities and charitable remainder trusts.