Charitable Bequest

Gifts to a charitable organization can be made as part of a will or trust. The most common of all planned gifts is a bequest to a church or organization in a properly prepared will. It is interesting to note that nearly fifty percent of all people pass away without any formal will, therefore developing a wills awareness program should be a top priority for any planned giving program.

• Percentage Bequests: gifts of a set percentage of the value of the estate
• Specific Bequests: gifts of specified dollar amount or property
• Residuary Bequests: gifts from what remain in an estate after all other bequests, tax, and administrative costs have been satisfied

Benefits of Charitable Bequests:

• Tax Benefits - Eligible for estate tax charitable deductions
• Ease - Bequests are flexible, efficient, and easy to update
• Recognition - Leave a lasting impact on a charitable organization

Click on the following links for more information:

• Episcopal Church Foundation: Charitable Bequests
• Fidelity Charitable: Charitable Bequests