Please consider including a gift to VBCF in your will or living trust. Called a Charitable Bequest, this type of gift offers these main benefits:
- Simplicity. Just a few sentences in your will or trust are all that is needed. The sample bequest language for VBCF is:
“I give to the Virginia Breast Cancer Foundation (VBCF), a nonprofit organization tax ID 54-1633519 , with a place of business at 5004 Monument Avenue, Ste 102, Henrico, VA 23230 [written amount or percentage of the estate], income and principal to be applied in its discretion for its general uses and purposes.”
If you would like to restrict the gift to a particular purpose, please contact Katy Sawyer, VBCF Executive Director, to discuss appropriate language. In any case, the language for a restricted gift should include the following sentence:
“If it shall at any time be impractical to apply this gift as I have directed, VBCF shall have the discretion to apply this gift to other needs identified by VBCF which conform as closely as possible to my intent.”
- Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
- Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to VBCF.
- Tax Relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift’s full value.
Your circumstances may change, and you can change your gift at any time.
How It Works
To make a charitable bequest, you need a current will or revocable living trust.
Your gift can be made as a percentage of your estate. Or you can make a specific bequest by giving a certain amount of cash or securities. After your lifetime, VBCF receives your gift.
Putting Your Family First
When planning a future gift, it’s sometimes difficult to determine what size donation will make sense. Emergencies happen, and you need to make sure your family is financially taken care of first. Including a bequest of a percentage of your estate ensures that your gift will remain proportionate no matter how your estate’s value fluctuates over the years.
We Can Help
Contact Katy Sawyer, VBCF Executive Director, at 804-285-1200 x.201 or firstname.lastname@example.org with any questions about naming VBCF in your will or living trust. We’re happy to help, without obligation.