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    Bequests

    Leave a legacy…

    A bequest is a charitable gift through a will. Bequests are the foundation of the American philanthropic tradition. A bequest enables the donor to make a significant charitable contribution that may not have been possible during his/her lifetime.

    Why should a donor consider giving to The Spaatz Association?

    • To reduce his/her estate taxes
    • To create a lasting legacy in his/her name or in memory of a loved one.
    • They will make a lasting impact your work.

    How does it work?

    The donor consults with his/her financial advisor to determine the type of charitable bequest that is best for him/her.

    • The donor could make an outright gift through his/her will.
    • The donor could set up a plan which provides income to a beneficiary.
    • The donor follows the sample language for the type of bequest being established.
    • The donor notifies the nonprofit that he/she is including the nonprofit in his/her will.

    What are some types of bequests?

    Specific Bequest – The donor designates the Association to receive a specific dollar
    amount or specific piece of property.

    Sample language: I give and bequeath the sum of ___________ to The Spaatz
    Association, Incorporated, to establish the [name of donor or family] Fund.

    Residuary Bequest – The donor gives the Association all (or a portion of) his/her property, after all debts, taxes, expenses and all other bequests have been paid.

    Sample language: I give and bequeath to The Spaatz Association, Incorporated, the remainder of my estate, both real and personal, to establish the [name of donor or family] Fund.

    Contingent Bequest – In the event of an unexpected occurrence, the donor’s property will be used to create a fund at the Association, rather than pass to unintended beneficiaries.

    For more information on these complex gifts, contact the National Treasurer.

     

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