|
|
Types of Bequests
Outright Bequest
Outright bequests of cash, securi-
ties or property can be made to
Volunteers of America. You may
designate a specific dollar amount
or, as a hedge against inflation and
changing economic conditions, a
fixed percentage of your total
estate.
Residuary Bequest
This type of bequest considers
changing family and financial cir-
cumstances. Once other beneficia-
ries have received designated por-
tions of your estate through out-
right bequests, you may stipulate
that Volunteers of America receives
the remainder.
Contingent Bequest
When first planning their estates,
young donors with families to pro-
vide for often elect this type of
bequest. By making a contingent
bequest, you stipulate that
Volunteers of America receives
a portion of your estate only if
your named beneficiaries fail to
survive you.
Testamentary Trust
A testamentary trust is estab-
lished by your will at the time of
your death and uses all or a portion
of your estate to provide lifetime
income for one or more beneficia-
ries. Upon the death of all surviv-
ing beneficiaries, the principal
passes to Volunteers of America.
|
|
How to Make a Gift by Will
Bequests and other types of planned giving contributions are worthwhile
and
gratifying ways to support Volunteers of America. These gifts offer a
variety
of flexible and secure opportunities to be charitable, and typically
reduce
estate taxes. Each gift- no matter the amount-supports the vital work we
do
with the most vulnerable populations. Before making a provision in your
will
for Volunteers of America, you should review your wishes with your
attorney
and financial advisor. The form of your bequest can be as simple as any of
the examples listed below.
I give to Volunteers of America of Colorado, a non-profit organization
whose
present address is 2660 Larimer Street, Denver, CO 80205, and its
successors
forever, the sum or $___________ (or a description of property devised )
(or a
percentage of the estate), to be used in such manner as its Board of
Directors
determines.
A residuary bequest leaves an institution the remainder of an estate (if
any
exists by accident or design) after all specific legacies have been
distributed.
It can be incorporated into the above bequest form as follows:
... and its successors forever, all (or a specific percentage of) the
residue and
remainder of my estate, to be used in such manner...
While unrestricted gifts are preferred to fulfill the general needs of
Volunteers
of America, you may want to designate your gift for a special purpose,
restricting
use of the principal, income or both:
I give and bequeath to Volunteers of America of Colorado, a non-profit
organization whose present address is 2660 Larimer Street, Denver, CO
80205,
and its successors for-ever, the sum or $____________ (or a description of
property devised ) (or a percentage of the estate), to be used for the
following: __________________________________________.
Volunteers of America requests that you include the following provision
with a
restricted will: If the Board of Directors of Volunteers of America
determine at any
time that such purpose is obsolete, inappropriate, or impractical, the
Board of
Directors may use the income or principal of this bequest for wherever
purpose
they deem advisable.
We welcome your questions about bequests and other estate planning
matters.
Nancy Blevins
Major Gifts and Planned Giving Manager
(720) 264-3329
Email: nblevins@voacolorado.org
How to Make a Gift
by Will - Printable form PDF
|
