The information on this website is not intended to serve as tax, legal, investment or financial advice. Gift results may vary. Consult your personal financial advisor or the Oklahoma Methodist Foundation for information specific to your situation.
Charitable Bequest
A charitable bequest is a promise in your will, living trust or codicil to make a gift when you pass away. It usually takes less than a paragraph, often just a sentence or two
A bequest is one of the easiest ways to leave a gift because it costs you nothing now. However, it provides you a way to create or grow your legacy while supporting your church or causes that are important to you.
Ideal for:
Anyone! Everyone should have a will, and anyone can include their church or a ministry in it.
Learn More
If you want to learn more about charitable bequests or want sample bequest language to give to your attorney, free resources are available at lastinglegacy.org
A Charitable Bequest Gives You ....
Flexiblity
You can give a specific dollar amount, a percentage of your estate, or even a specific asset, such as from a retirement account. You can also leave a remainder for anything you did not
give elsewhere.
Power
You retain full ownership and control of your assets all your life. You can use your assets as you want, and you can always change your mind.
and so much more !
Strategy
You can include options and different scenarios in your plans. For example, you can make a charitable gift only if certain other circumstances have occurred.
Savings
If your estate will be subject to estate taxes, a charitable bequest may reduce your estate’s taxes by creating a charitable estate tax deduction.
