Bequests to Carleton

Include a bequest to Carleton in your will or trust. Make your bequest unrestricted or direct it to a specific purpose. Indicate a specific amount or percentage of the balance remaining in your estate.

Payable on Death Bank Account Designation

Designate your bank account to be payable on death (P.O.D.) to Carleton when you die. There is no change in ownership, control, or benefit from this account while you are still alive. The payable on death designation operates only when you die, and causes whatever funds that are in the account to go to Carleton at your death.

Transfer on Death Brokerage or Investment Account

Designate your brokerage or investment account to be transferable on death (T.O.D.) to Carleton when you die. It is not necessary for the T.O.D. designation to transfer all of the account solely to Carleton. You can designate a certain percentage of the account to pass. To set up the T.O.D. endorsement, contact your investment advisor and provide the instructions regarding the change

  • Your assets remain in your control during your lifetime.
  • You can modify your gift to address changing circumstances.
  • You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
  • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.

Download more information on gifts from your estate

View the Wills & Beneficiaries Webinar

February 1, 2023