Charitable Bequest

A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to your church or ministry that will make a lasting impact.

Charitable Bequest

Property

Donor's Family

CHURCH OR MINISTRY

Benefits of a bequest

Receive an estate tax charitable deduction
Reduce the burden of taxes on your family
Leave a lasting legacy to charity

How a bequest works

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or your church or ministry as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Here are some of the ways to leave a bequest to your church or ministry

Include a bequest to your church or ministry in your will or revocable trust
Designate your church or ministry as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
Name your church or ministry as a beneficiary of your life insurance policy

A bequest may be made in several ways

Percentage bequest - make a gift of a percentage of your estate
Specific bequest - make a gift of a specific dollar amount or a specific asset
Residual bequest - make a gift from the balance or residue of your estate

Click here to review sample bequest language.