Jeff and Lisa wanted to leave a legacy gift that would support our mission and ensure that we remain financially strong well into the future.
Jeff: Lisa and I have always loved the Allentown Symphony Association. Over the years we have seen the organization grow and enhance our quality of life in Allentown. We wanted to make sure that they have the means to continue to grow for years to come.
Lisa: We talked to our investment advisor and explained that we wanted to support the Allentown Symphony Association. Our advisor suggested a simple solution - naming the Allentown Symphony Association as a beneficiary of one of our mutual funds.
Their advisor suggested they use a "transfer on death" or TOD form. He explained that because Jeff and Lisa jointly owned the account, the TOD beneficiary designation form would ensure they can benefit from the mutual fund during their joint lives, that the survivor of the two of them would continue to own the mutual fund for the rest of the survivor's life, and that after both pass away, the mutual fund would be transferred to the Allentown Symphony Association. Jeff and Lisa completed the paperwork before they left their advisor's office.
Lisa: We loved this idea. Making a TOD gift was simple to set up, and will let us continue to use the mutual fund to meet our needs in retirement.
Jeff: I like knowing that if I pass away, Lisa will have enough to meet her needs. We both like knowing that the Allentown Symphony Association will receive the mutual fund after both of us pass away. We couldn't be happier with our giving strategy.
If you own stocks, bonds or mutual funds and would like to make a gift to leave a legacy and support the Allentown Symphony Association, consider a transfer on death gifting strategy. If you have questions or would like to learn more, please contact us. We are happy to assist you and answer any questions you have.