What Are The Benefits of Charitable Bequests?

Mediaon October 18th, 2010Comments Off on What Are The Benefits of Charitable Bequests?

You Can Make a Real Impact
Bequests allow many individuals to make much larger gifts than they could during their lifetimes. This is particularly appealing to donors who want their gift to “amount to something,” but haven’t had the means to make a substantial donation before.

You Can Honor or Memorialize a Loved One
Bequests provide the opportunity to honor or memorialize a loved one through the establishment of a fund.

You Enhance the Value of Your Estate
Bequests enable savvy donors to avoid federal and state estate taxes. As with other financial decisions, it is important to consult legal counsel to maximize the benefits of your estate planning.

You Have One Last Opportunity to Demonstrate Your Values For Your Children and Heirs
In most cases, the last communication you have with your children and heirs is through your will. Bequests to Freestore Foodbank are a way of communicating your values; of saying, “This is important to me.”

You Determine the Legacy You Leave Behind
Bequests allow you to decide what your legacy will be and the kind of impact you have on the future. You can earmark your bequest for scholarships, programs, equipment, facilities, or simply for use where most needed. But whatever you choose, you’ll have the satisfaction of knowing that your gift will live on, providing these services and improving people’s lives for years to come. Just as you wanted. Just as you planned.