Bequests

Bequests are a common form of charitable giving. In 2014, charitable bequests made by individuals totaled over $28 billion.

Donors can ensure their charitable intent with a bequest to the American Endowment Foundation through their will or trust.  Rather than creating an endowment strategy through a favorite charity, this allows the family’s trusted financial advisor to work with the family heirs in the ongoing investment management and growth of the donor’s charitable legacy, as well as provide flexibility to the family in how and what they support.

Donors can prepare for their bequest to the American Endowment Foundation by funding a donor advised fund in the following ways:

1.) In advance as part of a “giving while living” strategy ($10,000 minimum contribution required.)

2.) Create a legacy fund. This is the process by which the donor completes an AEF Donor Advised Fund application in advance (at no cost) and inserting appropriate language in their will and other estate documents to fund that account at the time of death.

Sample Language for a Charitable Bequest in a Will

The following three types of bequests direct your gift to the American Endowment Foundation to create your donor advised fund:

Percentage bequest

Specific bequest

Residual bequest
 

Regardless of the type of bequest you choose, we will ensure that your future charitable wishes take place in the way that you intend. At American Endowment Foundation, we look forward to assisting you with any questions you may have. Contact us or call at 1-888-966-8170 with any further questions.

Note: The information provided herein is for informational purposes only and should not be interpreted to constitute legal and/or tax advice. Donors should consult their legal and tax advisors regarding their specific situations.

The following articles and resources can help.

Whitepapers, Ebooks & Articles

A Legacy Fund: The WHY & HOW of Better Planning for Charitable Givinglogosmall.png

Guidelines on Making a Bequest to AEFlogosmall.png

Additional Insights

Better Than Bequests

 

Co-Founder

Tom Tobin
President/CEO
tomtobin@aefonline.org

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