Keith has been a faithful supporter of the Diocese of Harrisburg and makes regular gifts to support the work of the Church. Recently, Keith talked to our staff and expressed his interest in naming the Diocese of Harrisburg as a beneficiary of his estate, but he wanted to keep the process as simple and inexpensive as possible.
Keith: I love volunteering at the Diocese of Harrisburg. It really gives me a sense of joy and fulfillment. I not only support the Diocese with my time, I try to make annual gifts as well. As a donor, I want to leave a meaningful gift to the Diocese of Harrisburg in my estate plan.
One day, Keith talked to Sharon, another one of our volunteers. Sharon told Keith that she recently made a "payable on death" or "POD" gift to the Diocese of Harrisburg. 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 the Diocese when he passes away.
Keith: Sharon shared a lot of great information about POD gifts. I decided to name the Diocese of Harrisburg 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 the Diocese 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 the Diocese. Since the benefits of a POD gift may differ depending on your personal circumstances, please consult with your legal, tax or financial advisor.
