Define your legacy through estate planning
A bequest is a gift you leave someone in your will or trust. This is the most common form of a planned gift because it is a simple provision in your estate plans and donors have great flexibility with the structure of their gift. It requires no current surrendering of assets and is fully amendable and revocable during your lifetime.
Benefits of a Charitable Bequest
Revocable
You can change your bequest intentions at any time during your lifetime by simply modifying the language in your will or trust.
Control
You retain ownership and control of your assets during your lifetime since they won’t pass to VIPS until your death.
Estate tax savings
Although only a small percentage of individuals will incur estate tax at their death, those individuals who are subject to estate tax can benefit from having charitable provisions in their will or trust since assets distributed to charity at death won’t be subject to estate tax.
Need more information?
Contact the Development Office for more information! Complete the form below or call (502) 498-2930.
Sample Bequest Language
I hereby give, devise and bequeath _________ dollars or____ percent (___%) of my total estate to
Visually Impaired Preschool Services (VIPS), a nonprofit organization located at 1906 Goldsmith Lane, Louisville, KY 40218, Federal Tax ID #61-1061973, for VIPS general use and purpose.
* This is merely an example of sample language to share with your attorney for gift planning purposes.