Frequently Asked Questions

The simplest way is to state your intentions in your will. Many people leave a specific dollar amount or a percentage of their estate, others prefer to bequeath assets such as insurance, retirement funds or real estate. An attorney or financial planner can assist you with the details and explain the tax benefits of charitable bequests.

Providing for one's family is a primary concern. Many people with considerable assets choose to set up charitable funds while living to reduce future estate taxes. See your attorney or financial advisor about these options.

A charitable gift is a wonderful way to honor the memory of someone special. Memorial gifts can be made through your will in the same way as gifts to family and friends. You may specify the gift in memory of a special person or for a particular use.

Depending on your assets and charitable goals, you can fund your legacy now or after your lifetime. Many donors start charitable funds during their lifetimes and add to them through a legacy gift.

A bequest is distributed from a donor’s estate after the end of his or her life. An endowment is a fund that is held in perpetuity, distributing a specified percentage annually to the designated purpose. It can be created during one’s lifetime or as a testamentary gift.