|
Many people want to benefit charities but are unable to donate certain assets during their lifetime. For example, a donor may have property he cannot donate because it is needed to cover living expenses or rising health care costs. A donor can retain ownership and use of assets during life and still benefit charities by leaving the assets to them at death through a Charitable Bequest.
Bequests may be conveyed through a Will or a Trust. An existing Will or Trust does not need to be re-written to include a Charitable Bequest—your attorney may add a “codicil” or amendment to your current Estate Plan. (You can see examples of Bequest language in our free Planned Giving Ideas and Options Guide). Gifts of cash or appreciated assets work very well as Bequests for charities. Many donors leave a percentage of their estate as a Charitable Bequest.
The Benefits
- Use of all assets until death
- Potential estate tax savings through a charitable gift
- A generous gift to support The Fellowship’s work that benefits Israel and Jewish people around the world
Download or request a free copy of The Fellowship’s Planned Giving Ideas and Options Guide>>
Mrs. Jacobson’s Charitable Bequest Story
Mrs. Jacobson loves Israel and is concerned about its future. She knows the Bible promises that “the Lord builds up Jerusalem; he gathers the exiles of Israel” (Psalm 147:1-2) and wants to be part of the fulfillment of that promise by leaving a lasting gift that will continue to support The Fellowship’s On Wings of Eagles program after her death. She talked to her attorney about her existing Estate Plan. Her attorney drafted a “codicil” for her Will which provided that after her death, 10 percent of Mrs. Jacobson’s combined estate value would be given to The Fellowship for its work on behalf of suffering Jews in Israel.
|
