Keith has been a faithful supporter of the Evangelical Free Church of America and makes regular gifts to support EFCA ReachGlobal, our international mission. Recently, Keith talked to our staff and expressed his interest in naming the EFCA as a beneficiary of his estate, but he wanted to keep the process as simple and inexpensive as possible.
Keith: I love supporting the Lord's missions work at church and internationally. It really gives me a sense of joy and fulfillment. God is good. As a giver, I want to leave a meaningful gift to the Evangelical Free Church of America in my estate plan.
One day, Keith talked to Sharon, another one of our faithful supporters. Sharon told Keith that she recently made a "payable on death" or "POD" gift to the EFCA. Keith asked Sharon to explain how the gift works. Sharon told Keith that with a POD gift, he could contact his bank or credit union and request a POD beneficiary designation form. By filling out the form and sending it back to his credit union, Keith could direct the credit union to pay the balance of any account he designates to ministry when he passes away.
Keith: Sharon shared a lot of great information about POD gifts. I decided to name the EFCA as the payable on death beneficiary of two accounts at my bank. Not only was the process simple it didn't cost a thing. I also liked that a POD gift gives me flexibility-I still own the accounts and can use the money in those accounts if my needs ever change. I am pleased that the EFCA will get whatever amount is left over.