PKD Life - Fall 2020 - 26

FOUNDATION FOCUS

A Planned
Giving Option
ing us in their will, for which we are very grateful.
Another option is to make the Foundation a beneficiary of transfer on death (TOD) accounts, such as
donor-advised funds, individual retirement accounts,
and life policies.
It's an easy process to pass these accounts along to
the Foundation. No attorneys, witnesses, or notaries
are needed. You simply ask your TOD account holder
for a beneficiary designation form (some are available
online), indicate your designations, sign, and return it
to the TOD account holder.
In addition to simplicity, here are other benefits
of making the Foundation a beneficiary of your
TOD account:
* You might update your will many times as your life
changes, but you don't have to worry about these
updates affecting the TOD account.
* As with wills, the beneficiaries of TOD accounts
have no right or access to your TOD account while
you are alive. In addition, beneficiaries may be
changed at any time.
* Donating a TOD account to the Foundation excludes
it from inheritance and capital gains tax.
* TOD accounts do not become part of a lengthy probate, making transfer upon death easy. Only a death
certificate is required. This is particularly important
if you don't have a will.
* TOD account holders can name multiple beneficiaries and split up assets as they wish.

It is important to remember that
laws governing estate planning
accounts vary by state. You may
be able to designate other types
of TOD accounts, including bank
accounts, investment accounts, and
even deeds (currently only 26 states
and the District of Columbia allow
TOD deeds).
As you are reviewing your charitable donations for 2020 over the
next few months, think about making the Foundation a beneficiary of
one of your TOD accounts. If you
have any questions, are ready to
move forward, or need additional
information, please contact Chad
Iseman, chief advancement officer,
at chadi@pkdcure.org or visit
myimpact.pkdcure.org.

LEFT TO RIGHT: BRIAN STAUFFER/THE ISPOT, GANG LIU/ALAMY STOCK PHOTO

people who are thinking of leaving a legacy
M any
to the PKD Foundation first think about includ-

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http://myimpact.pkdcure.org

PKD Life - Fall 2020

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