Bequest

  • Simple provision in your will or living trust allocating specific assets or a share of your estate to charity.
  • Can be helpful in reducing estate taxes improving estate liquidity.

Bequest

Geneva Smith, 70, is a retired schoolteacher with two adult children. She is very well known in the community, not only for her illustrious teaching career, but also for her extensive volunteer activity. She would like to establish an endowment to support several United Way programs or initiatives with which she has been involved and is passionate about. However, she lives on a small pension along with income from her savings and does not feel comfortable giving away any of her savings. Instead, Geneva instructs her attorney to revise her Will to leave a fixed amount to each child and give the residue to the United Way Foundation to establish the Geneva Smith Endowment. If Geneva finds she needs the money during her lifetime, it will be available.

« Back to Ways to Give