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.