Bequest: A gift to charity at death.

A bequest is the simplest type of planned gift to make and one of the easiest to implement.  Many people desire to benefit charity but are unable to donate property while they are alive. For example, a donor may have property that is needed during life to cover living expenses or rising health care costs. A donor can retain ownership and use of property during life and still benefit charity by leaving it to charity at death.

Gift to Charity:
The charity receives cash or property. Estate Tax Deduction. The amount given to charity is not subject to federal estate tax. Preserves Lifetime Flexibility
The donor is able to use and control property while alive. A donor can leave property to charity by including a bequest in his or her will or trust. Property that passes by
a beneficiary designation (such as individual retirement accounts) can be left by designating the charity as a beneficiary.

Specific Asset Bequests:
Many bequests transfer a specific item to a beneficiary. “I give my Apartment to David.”

Specific Amount:
Another common transfer within a will is the gift of a specific dollar amount. “I give $8,000 to Jennifer.”

Bequest of a Percent of the Residue:
A fractional amount or percent of the residue may be transferred to charity. “I give 75% of the residue of my estate to Leslie.”

Undivided Percentage of Asset Bequests
A testator may bequeath or devise an undivided percentage of a particular asset. “I give half of my home to Gloria.”

Since the information on this site is not intended as legal, tax, or investment advice, it is highly recommended that prospective donors consult with their own tax or legal advisers prior to making a planned gift.

If you simply would like a to have a Mayan Families Planning representative contact you about options available, please contact:

Dwight Poage
Mayan Families
2609 Hartford St.
San Diego, CA. 92110-2315
Tel:     619-550-2608
Web:   www.mayanfamilies.org
E-mail: dwight@mayanfamilies.org