Beneficiary Designations
We are so grateful to be linking arms with you to ensure the mission of delivering help and hope to millions of people for generations to come. Please find our information below which you may include in your beneficiary designation.
Beneficiary Designations: Simple Ways to Extend Your Compassion
At Convoy of Hope, we believe that real, lasting change begins with a shared commitment to serve those in need. While many people focus on writing a traditional will, some of the most powerful tools to sustain future humanitarian relief are often overlooked.
Retirement accounts, life insurance policies, donor-advised funds, and commercial annuities are not governed by a will. Instead, they are directed by simple beneficiary designations that you establish directly with your financial institution. Updating these forms is one of the easiest, most profound ways to ensure your lifetime of compassion continues to feed the hungry, empower women, and bring hope to families in their darkest hours through Convoy of Hope.
Giving Wisely: Overlooked Pathways of Hope
By strategically aligning your charitable giving with the right financial assets, you can protect your family from heavy tax burdens while maximizing your personal impact on the world:
Retirement Plans & IRAs
When left to individual heirs, retirement accounts are typically subject to significant income tax. However, because Convoy of Hope is a tax-exempt organization, 100% of these funds can go directly into the field to serve vulnerable communities—allowing you to pass less-taxed assets, like real estate or stocks, to your loved ones.
Life Insurance Policies
Naming Convoy of Hope as a primary or partial beneficiary allows you to transform modest monthly premium payments into a significant, transformative future gift. This designation remains fully flexible and revocable if your family’s needs change over time.
Donor-Advised Funds (DAFs)
A DAF offers wonderful flexibility. You can easily designate Convoy of Hope to receive the remaining balance of your fund, or structure recurring grants to support our ongoing, rapid-response disaster relief efforts worldwide.
Commercial Annuities
Annuities are notoriously tax-heavy for individual heirs, who must pay income tax on the asset’s growth. Leaving these tax-burdened assets to a tax-exempt partner like Convoy of Hope is a highly strategic way to swap tax liabilities for life-saving hope.
Tax-Wise Stewardship: A Real-World Example
Good stewardship ensures that every dollar you have worked for goes exactly where it is needed most.
For instance, if you wish to leave a $100,000 IRA to support both your loved ones and the mission of Convoy of Hope, look at how tax exemptions protect your intended impact.
| Asset Distribution | Individual Heir (e.g., Pat) | Convoy of Hope |
| Total Value of IRA | $100,000 | $100,000 |
| Estimated Income Tax (Assumes 24% tax bracket) | -$24,000 | $0 (Tax-Exempt) |
| Net Amount Received | $76,000 | $100,000 |
It’s the legacy of impacting people. It’s not my impact, [but] the impact of a whole generation. Convoy is mobilizing a generation.
— Tracy Thomas // Hope Society Member
How to Designate Your Gift
Create a future of hope takes only a few minutes.
1. Request the Form: Reach out to the bank, insurance company, or financial custodian holding your account and request a “Change of Beneficiary” form. Most institutions make these available to download or fill out online in minutes.
2. Determine Your Impact: You can designate any percentage of the account—from 1% to 100%—to Convoy of Hope.
3. Use Our Legal Details: To ensure your gift reaches us securely, please list our official legal name: Convoy of Hope.
4. Connect with Us: Return the completed form to your custodian, and please let us know about your decision so we can thank you properly and welcome you into our community of legacy partners.
Donors like you are leaving a legacy of hope.
Making a planned gift is transformative for those who give and for those who receive. Together, our generous donors are curbing poverty and showing future generations how to lead a life of generosity.
We Are Here to Walk Alongside You
If you are ready to align your financial planning with your heart for humanity, our team is honored to help you take the next step.
Contact Our Team
Email: [email protected]
Phone: 417-851-1222
Let’s Start a Conversation
Please use the secure form below to request more information, or use our digital calendar to schedule a time to speak with a member of our team.