A Planned Giving Moment
A bequest through a will or trust is the most common form of a planned gift. A bequest allows an individual to make a substantial contribution to support a charity without diminishing the assets available to the donor during his or her lifetime. Because a charitable bequest is tax deductible, important estate tax savings can result with this type of gift that may reduce or possibly eliminate one’s federal tax burden. (Consult your tax or financial advisor for your personal tax benefit)
One note of caution however: make certain to have the correct legal name of the organization.
The following provides sample language that may be included in your estate planning.
I give, devise and bequeath to the Burlington Transitional Living Center 482 S. Pine Street, Burlington Wisconsin 53105, Tax Exempt #39-1760980 the sum of $_______(or %____) of _______________(description of specific asset) for the benefit of the Burlington Transitional Living Center and those that they serve.
If you have any questions on planned giving or would be interested in learning more about how your gift can impact the lives of our families please contact Cristen at 262-767-1478