Bank Accounts, Certificates of Deposit or Brokerage Accounts
Designating the IRC as beneficiary of your bank accounts, certificates of deposit or brokerage accounts is a simple and straightforward way to support our work. There are two options you can use to make this gift to us:
Payable on death (POD).* By placing a POD designation on your bank account or certificate of deposit, you can name one or more persons or charities as the beneficiary of all funds once you pass away. The beneficiary you name has no rights to the funds until after your lifetime. Therefore, you are free to use the money in the bank account, change the beneficiary or close the account.
You simplify the estate planning and administration process when you set up your bank account or certificate of deposit in this way. The executor or administrator of your estate will not have to take action to ensure that your account transfers to whomever you designated. Simply ask your bank representative about the one or two easy steps you need to take in order to place a POD designation on your bank account or certificate of deposit.
Transfer on death (TOD).* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity. You can designate a certain percentage of the account. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, change the beneficiary or close the account.
A TOD designation also simplifies the estate planning and administration process. The executor or administrator of your estate will not have to take action to ensure that your securities transfer to whomever you designated. To set up the TOD endorsement, simply contact your investment advisor and provide instructions regarding the change.
*State laws govern payable on death accounts and transfer on death accounts. Please consult with your bank representative or investment advisor if you are considering these gifts.
- Contact Sophie Davidson at 212-293-1343 or Plannedgiving@rescue.org for additional information.
- Seek the advice of your financial or legal advisor.
- If you include the IRC in your plans, please use our legal name and federal tax ID.
Legal Name: International Rescue Committee, Inc.
Address: 122 East 42nd Street, New York, NY 10168-1289
Federal Tax ID Number: 13-5660870
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
IRC meets all 20 of BBB Wise Giving Alliance’s accountability standards.
CharityWatch gives the IRC an A+.
Charity Navigator gave the IRC its highest rating of four stars.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the IRC as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the IRC as a lump sum.