A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to support the future work of ADF Foundation that will make a lasting impact.
Benefits of a bequest
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to charity
How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends, or to support the future work of ADF Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.
Here are some of the ways to leave a bequest to ADF Foundation
- Include a bequest to support the future work of ADF Foundation in your will or revocable trust
- Designate the ADF Foundation as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b), or pension)
- Name the ADF Foundation as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Percentage bequest - make a gift of a percentage of your estate
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Residual bequest - make a gift from the balance or residue of your estate
If you have any questions about leaving a bequest to support the future work of ADF Foundation, please contact us. We would be happy to assist you. If you have included a bequest to support the future work of the ADF Foundation in your estate plan, please contact us to let us know. We would like to personally thank you, recognize you for your gift, and welcome you to the Pillars of Freedom.
Please note that Alliance Defending Freedom works with thousands of Allied Attorneys nationwide, who are happy to assist you with drafting your Will or Trust. If you need a referral, please let us know.
The method used to make a bequest will depend on the kind of gift you choose to leave to support the future work of ADF Foundation.
Bequests of real estate, personal property, business interests, and cash are typically made by way of a will, revocable trust, or even a simple codicil to your current estate plan. Your estate-planning attorney can assist you in preparing the necessary papers for you to complete the bequest.
Other bequests, such as those involving retirement assets, insurance policies, bank accounts, and stocks and bonds, are typically made by completing the appropriate beneficiary designation form. Simply contact your retirement plan administrator, life insurance company, bank, or investment broker and ask them to send you the appropriate "beneficiary designation" or "payable on death" form. To complete your bequest, you will need to complete and sign the form and then send it back to the person who originally sent the form to you.
The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to the ADF Foundation. The full value of this gift will be transferred tax-free, and your estate will receive an estate tax charitable deduction.