Making a Bequest to Interfaith Neighbors
Bequests, both large and small, are important to Interfaith
Neighbors. They will provide money for the future to insure
that our programs will be able to continue. Bequests are
made through your will.
Your Legacy
You need a will to direct how your property will be used
and distributed after your lifetime. A bequest is the
most popular form of planned giving. It does not reduce
your current income, yet enables you to provide substantial
future support for a cause that is important to you. A
gift to Interfaith Neighbors through your will has several
advantages:
- Charitable gifts made through your will are deductible
for estate tax purposes.
- A charitable bequest may place your estate in a lower
tax bracket.
- You may direct your bequest to Interfaith Neighbors
for its general purposes or to a specific program.
How to word your bequest
You may provide for Interfaith Neighbors by making
a new will, modifying your present will (by adding a codicil),
or by including Interfaith Neighbors in your revocable
trust. To bequeath money or property to Interfaith Neighbors
you and your attorney may find the following language
helpful:
“I give, devise, and bequeath to Interfaith Neighbors,
a 501 (c) (3) tax exempt organization, federal tax number
for its general purposes, all (or specify a fraction
or percentage of estate) of the rest, residue, and remainder
of my estate, both real and personal.”
Or,
“I give, devise, and bequeath
to Interfaith Neighbors, Inc., a 501 ( c) (3) tax exempt
organization, Federal Tax Number___________(insert #),
the sum of $________ (or a description of the real property,
securities, or valued asset) to be used for general
purposes.”
Your will should be drafted by your own attorney. Interfaith
Neighbors will be pleased to consult in confidence with
you and your legal adviser about the phrasing of any specific
bequest you may have in mind.