Charitable Bequest
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Longmont Community Foundation that will make a lasting impact.
Charitable Bequest
Property
Donor's Family
LCF
Benefits of a bequest
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to charity
How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Longmont Community Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.
Possible ways to leave a bequest
- Include a bequest to Longmont Community Foundation in your will or revocable trust
- Designate Longmont Community Foundation as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Longmont Community Foundation as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Percentage bequest - make a gift of a percentage of your estate
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Residual bequest - make a gift from the balance or residue of your estate
More Information
Click here to review sample bequest language.
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