CFO’s Planned Giving Tip of the Week: P.O.D.

Just in time for March Madness, CFO is ready to put on a full court press for planned giving. The Foundation’s board of directors has challenged the organization to enlist at least one new Legacy Society member from each affiliate and 20 new members from metropolitan Springfield during this fiscal year. Between now and the end of March Madness you will receive a weekly tip on how to make a simple planned giving commitment. These commitments are important; they truly will make a difference down the road and they encourage others to think about giving back to their communities. This week tip is:

A charitable beneficiary designation through a P.O.D.

What is a P.O.D.? It stands for Pay on Death, a simple and effective way to get the ball rolling for planned giving in your community. You can name a charity as beneficiary on your bank accounts, CD’s (certificates of deposit), or investment accounts. These beneficiary designations take effect only upon your death (or the death of the survivor of you and your spouse).

Also, it is important to note that you are able to maintain full independence and control of these assets during your lifetime and can change arrangements at any time.

Please remember that the Community Foundation of the Ozarks staff stands ready to assist you in this effort. A major part of our website is dedicated to planned giving, and we have a simple form that signifies your charitable planned giving commitment. In these challenging economic times, this is something that all of us can do to support the community foundation movement. Please contact Gary Funk or Winter Skelton at (417) 864-6199 if you would like to discuss this planned giving option.

As always, thanks for all that you do for the Ozarks!

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