How do I give to a charity through a bank account?
There are a several different ways to donate with a bank account to St. Jude. Here are three common options for the donation process:
- You can make a one-time or monthly donation directly from your bank account. Direct deposit from a bank account is a preferred payment method, as it allows more of the donation to go to the charity due to lower transaction processing fees. If you have questions about donating to St. Jude through your bank account, or wish to change your current on-file bank account info, please email firstname.lastname@example.org or call (800) 822-6344.
- You can add a charity such as St. Jude Children's Research Hospital as the “payable on death” beneficiary of a bank account as part of your legacy. Learn more about legacy giving at St. Jude.
- You can also close a bank account that you no longer use at any point during your lifetime and donate the funds to St. Jude.
If you would like to donate through a bank account, please contact us so that a St. Jude representative can help you get started.
What is the difference in "payable on death" and a beneficiary?
Payable on death (POD), is typically used to avoid probate on a bank account, checking, savings, money market or CD. If a beneficiary is named in a will, this transfer typically goes through probate.
Transfer on death (TOD), is similar to a POD. You can bequeath stocks, brokerage accounts or bonds without them having to pass through probate.
ALSAC/St. Jude Children’s Research Hospital does not provide tax, legal or accounting advice. This material is prepared and made available to you for informational purposes only and is not intended to provide or be relied upon for tax, legal or accounting advice. You should always consult a tax professional to determine your particular tax benefits that may result from any particular type of gift to charity.
Why St. Jude?
Families never receive a bill for treatment, travel, housing or food — so they can focus on helping their child live.
When St. Jude opened in 1962, childhood cancer was considered incurable. Since then, St. Jude has helped push the overall survival rate from 20% to more than 80%, and we won't stop until no child dies from cancer.
Every child deserves a chance to live their best life and celebrate every moment. When you support St. Jude, you help give kids with cancer around the world that chance. Together, we can save more lives.
Tax ID Number:
We are a tax-exempt, charitable institution listed in the Federal Internal Revenue Service Publication #78, "Cumulative List of Organizations," revised IRS Code 501(c)(3).
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Our Gift Planning department has a representative in your area who can provide further information for how to donate with a bank account or help you prepare the right questions to ask your financial advisor to determine what type of planned gift may be right for you. Email email@example.com, call (800) 395-1087, or fill out the form below, and a St. Jude representative will contact you.