Beneficiary Designations
Many financial contracts are transferred upon death using a beneficiary designation. Examples include life insurance, annuities, retirement plans, mutual funds and bank accounts.
For many people the use of a beneficiary designation is a low cost and comfortable way to make a charitable gift that does not change their lifestyle today. This type of gift allows the donor to maintain control of the asset during their lifetime and gift the asset when the asset is no longer needed.
Thedford leaders work for the future
With fewer than 700 people in the area it serves, the Thedford Community Foundation Fund has built an endowment of almost $200,000 in a few short years and made grants of nearly $40,000. It also has secured more than $150,000 in planned gifts.
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