THE GIFTS THAT LIVED ON
Betty (name changed) lived and faithfully served in a small, mid-western town, and was a long-time friend of Children of Promise. Over the years she sponsored five children who desperately needed rescuing from the grips of poverty. Three grew up and finished school. Two continued in the program.
Betty died in the summer of 2010; but her love and commitment to Children of Promise continued. She had made two simple provisions:
1. She had paid forward for the two children she currently sponsored. Even though she died in July, her children were sponsored until January 1, 2011.
2. She planned ahead to support Children of Promise with a thoughtful gift. When she purchased a Certificate of Deposit at her local bank, she completed a simple form to make it Payable On Death to Children of Promise. This simple plan instructed her bank to send the money in the CD to our ministry when she passed away. In other words, the CD belonged to Betty, but Children of Promise owned the CD after she died. It didn’t even have to be in her will or go through the probate process. When it matured in February, 2011, the bank informed us of Betty’s thoughtfulness.
God bless you, Betty. Your gifts lived on even after you had received your heavenly reward. Two children were sponsored for five more months, and Children of Promise received a generous gift from the CD payable on death.
If you would like to know more about simple ideas to further sustain our ministry, please contact Chuck Wanner at 800-848-2464, ext. 2114, or email email@example.com.
The discussion herein is general in nature and is not to be considered legal or financial advice. Prospective donors are urged to consult their personal tax, financial, and legal advisors concerning the specific consequences of making gifts to Children of Promise.