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Bequests | Securities | Beneficiary / Designations | Charitable Gift Annuities | Trusts & Other Gifts
Bequests are made by provisions in your will, or a codicil to your will. You can bequeath a specific amount of money, a percentage of your estate, or specific property, such as securities, real estate, tangible personal property or other assets. Your estate will receive a charitable estate tax deduction at your death, when the gift is actually made. A bequest enables you to make a significant gift to the VNA & Hospice Foundation while retaining full control of your assets throughout your life and can reduce your estate taxes.
For instance, Dr.Schweitzer leaves $50,000 to the VNA & Hospice Foundation in his will. Since he made this gift in his will, the $50,000 gift to the VNA & Hospice Foundation is removed from his estate, thereby lowering any estate tax obligations to be paid by his heirs. Assuming he was in the 50 percent estate tax bracket, this is a $25,000 savings to his children.
By planning ahead, Dr. Schweitzer was able to support his favorite charity for “50 cents on the dollar” because of the tax savings passed on to his estate.
VNA & Hospice Foundation Bequest Language
If you are considering including the Visiting Nurse Association & Hospice Foundation, Inc. of Vero Beach, Florida in your estate plans, here are two examples of suggested wording:
I bequeath to the Visiting Nurse Association & Hospice Foundation, Inc. of Vero Beach, Florida, or its successors, the sum of $ _______ for its charitable uses and purposes.
I bequeath to the Visiting Nurse Association & Hospice Foundation, Inc. of Vero Beach, Florida, or its successors, _______% of my residuary estate for its charitable uses and purposes.
For gifts from out-of-town donors, we suggest including our address of 1110 35th Lane, Vero Beach, FL 32960
We'd be happy to discuss planned giving options with you (at no obligation). If you wish to receive more information about a particular type of gift or to discuss further the advantages of any particular option, please contact Richard Johnson at 772.978.5574.
