Bank or Brokerage Accounts

Simple and Straightforward Ways to Support KRCC

Designating KRCC as beneficiary of your bank accounts, certificates of deposit or brokerage accounts is a simple and straightforward way to support our work. There are two options you can use to make this gift to KRCC:

Payable on death (POD).* By placing a POD designation on your bank account or certificate of deposit, you can name one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, to change the beneficiary or to close the account.

By setting up your bank account or certificate of deposit in this way, the estate planning and administration process is simplified. The executor or administrator of your estate will not have to take any action to ensure that your account transfers to whomever you designated. Simply ask your bank representative about the one or two easy steps you need to take in order to place a POD designation on your bank account or certificate of deposit.

Transfer on death (TOD).* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity—you can designate a certain percentage of the account. Like a POD account, with a TOD account the beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary or to close the account.

A TOD designation also simplifies the estate planning and administration process. The executor or administrator of your estate will not have to take any action to ensure that your securities transfer to whomever you designated. To set up the TOD endorsement, simply contact your investment advisor and provide instructions regarding the change.

*State laws govern payable on death accounts and transfer on death accounts. Please consult with your bank representative or investment advisor if you are considering these gifts.

Start Today

Visit our free, no-obligation tool to make a statement for KRCC through your bank account. Our trusted partner, Giving Docs has a safe and secure resource just for you.

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Next Steps

  1. Seek the advice of your financial or legal advisor.
  2. Contact Joann Wooley at 800-722-4449, Ext. 4312 or jwooley@krcc.org for additional information.
  3. If you include KRCC in your plans, please use our legal name and federal tax ID.

Legal name: Public Radio for Colorado DBA KRCC
Address: 720 North Tejon Street, Colorado Springs, CO 80903
Federal tax ID number: 74-2324052

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