Beneficiary Designations

There are simple and easy ways to support the future of Children’s Home Society of North Carolina without hiring an attorney. Make Children’s Home Society of North Carolina a beneficiary of a bank, brokerage account, retirement plan, life insurance policy, or annuity. Upon your death, assets in these accounts are passed to beneficiaries without going through probate:

POD & TOD Accounts

Payable-on-Death (POD) accounts allow you to name Children’s Home Society of North Carolina as a beneficiary of your bank or credit union savings account, checking account, or CD. A similar arrangement called a Transfer- on-Death (TOD) account, allows you to name Children’s Home Society of North Carolina as a beneficiary of your stocks, bonds, and mutual funds.

IRA Beneficiary

Did you know that individuals who inherit a non-Roth retirement account will have to pay income tax on it when they receive but charitable organizations, like CHSNC, can receive the entire amount with no deduction for taxes? Include Children’s Home Society of North Carolina as a beneficiary of your retirement plan, such as an IRA or 401(k) account, simply by updating the beneficiary designation form, which can be obtained from the plan administrator. Naming Children’s Home Society of North Carolina as a primary beneficiary of your retirement plan eliminates income and estate taxes on that asset.

What You Will Need:

Although forms will differ from one financial institution to the next, you will need our legal name and address:

Children’s Home Society of North Carolina, Inc.
PO Box 14608, Greensboro, North Carolina 27415

We are happy to answer any questions and ensure your gift will make the impact that you envision. Please call us at 1-800-632-1400 or email us at Philanthropy@chsnc.org.