People with great compassion often think beyond their own lifespans. What better way to thank the people or organizations that have had an impact on your life, than to make a contribution from your estate through a bequest? It doesn’t matter whether your gift is large or small. Charitable giving is not only for the wealthy. All legacy contributions are important and make a difference.
Why shouldn’t I leave my entire state to my children?
One of the greatest lessons you can teach your children is to plan ahead and to be compassionate towards others. Leaving a legacy teaches them about your values and priorities. Additionally, depending on the tax laws at the time, leaving a gift to charity in your will could reduce the estate tax burden on your heirs – maybe significantly. Consult with a financial advisor or attorney to learn how gift planning may actually benefit your family after you’re gone.
Wills and Bequests
Making a charitable bequest can be as simple as a sentence or two in your will:
“I give to the National Eating Disorders Association the sum of $______ to be used for general purposes.”
You may also give a specific asset. Such as:
“My shares of XYZ stock...”
Or, a portion of the remainder of your estate:
“Fifty percent of the rest, residue and remainder of my estate...”
Stock or Appreciated Securities
Non-cash assets such as shares in a privately held company or securities held for more than one year may be donated at any time or through your estate. Not only will you help advance the cause, but you may also deduct their full value without being taxed on their capital gains. For wire transfer instructions, please ask for our Development Department at 212-575-6200 or email firstname.lastname@example.org.
If you have already arranged for a bequest or other planned gift, we would like to honor your support. Please contact us to make arrangements.