Planned Giving through a bequest offers many advantages to both the donor and the non-profit recipient.
A bequest often allows a donor to make a larger gift than they would be able to through other means of giving. It can also provide significant tax savings for the individual’s estate. The gift is written into the donor’s will, but is revocable if he or she finds it necessary make changes later on.
Bequests can include cash, real estate, securities, artwork, or any other type of property that remains in an estate. And donors can stipulate that the gift support a specific fund, or designate it as unrestricted so that we can apply it to the area in most need at the time. Large bequests are often applied to the endowment, which in turn generates important income on a continuing basis.
The Bardavon staff and officers can work with you and your estate advisors to arrange a bequest. For more information contact AnnMarie Faust, Managing Director of Administration, Development & Finance at 845.473.5288 ext.103.
© 2014 Bardavon/UPAC
Last modified: 2013-08-27 18:18:15