Bequests
You can make a bequest in several ways. You can designate a specific monetary amount or item of property from your estate (Pecuniary and Specific Bequest). Property bequests are tangible assets like securities, real estate or other personal property of value. You may also make a Residuary bequest of what remains after other obligations of your IRA, qualified pension, profit-sharing plan, or other income generating assets. You might even wish to establish a trust or annuity through a bequest while providing income to loved ones. In addition, your bequest could stipulate that CCC receives income from the trust for some period of time, after which the assets pass to your beneficiaries, often at a much-reduced tax cost. Contingent bequests can be used to donate depending upon whether or not some other event occurs.
Bequests to charities have several benefits to the donor. They are free from federal estate taxes and thus the value is the full amount of the bequest, whereas an individual might have to pay state inheritance or estate taxes. You may create funds named for yourself or as a legacy to others.
Please consult with us for details. You may also view, share or download the bequest form below.
Bequests to charities have several benefits to the donor. They are free from federal estate taxes and thus the value is the full amount of the bequest, whereas an individual might have to pay state inheritance or estate taxes. You may create funds named for yourself or as a legacy to others.
Please consult with us for details. You may also view, share or download the bequest form below.