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Planned Giving

Cashless Ways to Make a Difference

June 01, 2010

You don’t have to be Warren Buffett or Bill Gates to make a significant difference in the lives of others. Consider these cashless ways to support Lewis & Clark. Open a POD account. A payable on death account is a regular bank account that names a person or charity as beneficiary of that account once the account holder dies. Why it’s smart: Legal hassles can be avoided, and your favorite cause has resources to continue its important work. Name Lewis & Clark as beneficiary of retirement plan assets. When your retirement plan assets are paid to individuals at your death, income taxes will be assessed to that individual. But a tax-exempt charity such as Lewis & Clark can inherit the assets without paying taxes. Why it’s smart: You are able to turn your most tax-heavy assets into tax-free assets while making a difference in the lives of others. Name Lewis & Clark as beneficiary of your life insurance policy. Your need for life insurance most likely declines with age, increasing its popularity as a charitable gift. Why it’s smart: Your favorite cause receives a generous gift in the future without you having to give up assets today. A gift of life insurance is also a flexible way to give, because you are able to adjust your plans at any time throughout your lifetime. A gift through a POD account or by beneficiary designation can make a profound impact in furthering our mission to provide the educational opportunities that will attract outstanding students and excellent faculty. It won’t cost you a dime during your lifetime—and may just make you feel like a million bucks. To learn more about the various ways to give that do not require cash, please contact Sharon Bosserman-Benson for the Undergraduate or the Graduate School at 503-768-7911, 800-753-9292, or plangivg@lclark.edu, or the Law School development office at 503-768-6901 or lawgive@lclark.edu.

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