Bank or Brokerage Accounts

Simple Ways to Support National University

One of the simplest ways to contribute to NU is by designating National University as a beneficiary of your bank accounts, certificates of deposit, or brokerage accounts. There are two options you can use to make this gift to NU:

Payable on Death (POD).*

Placing a POD designation on your bank account or certificate of deposit allows you to name one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you choose cannot access the funds until after your lifetime. Until that time, you remain completely in control, and you are free to use the money in the bank account, to change the beneficiary, or to close the account — whatever you decide.

Setting up your bank account or certificate of deposit in this way 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 account transfers to whomever you designated. All you have to do is ask your bank representative about the steps you need to take in order to place a POD designation on your bank account or certificate of deposit.

Transfer on death (TOD).*

Placing a TOD designation on your brokerage or investment account ensures 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 any percentage of the account that you like. Just like with a POD account, the beneficiary you name has no rights to the funds until after you pass on. Until then, you are free to use the money in the brokerage account as you see fit, change the beneficiary, or even 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.

Next Steps

There are many options for giving to National University, and we can help you decide which method works best for your particular needs:

  1. Contact the Development Office at (858) 642-8807 or development@nu.edu to talk about supporting NU.
  2. Seek the advice of your financial or legal advisor.
  3. If you include NU in your plans, please use our legal name and federal tax ID.

Legal Name: National University
Address: 11255 N. Torrey Pines Road, La Jolla, California 92037
Federal Tax ID Number: 23-7172306