Legacy Giving Options – Bequests

CarlsonsLegacy Giving Options

Bequests

Income Producing Gifts

  • Charitable Gift Annuity
  • Pooled Income Fund
  • Charitable Remainder Trust

Bequests

Gifts through wills are easy to arrange and can be changed at your discretion. They allow you to make a significant contribution to Beacon while reducing estate taxes.

Contact your attorney when planning your bequest, which can take various forms.  They are:

  • Specific Bequest: the congregation receives a specific dollar amount, a percentage of your estate or specific property.
  • Residuary Bequest: the congregation receives all or a percentage of your estate after distribution of specific bequests such as gifts to family members.
  • Contingent Bequest: the congregation receives part of your estate under certain specified circumstances.

Often, you can amend your existing will by adding a codicil or amendment which is a simple document stating that the provisions of the original document are still in effect, but you are now including the congregation as a beneficiary.

Prospective donors should consult their own financial advisor, accountant, or attorney to plan the legacy gift that maximizes benefits to them and Beacon.