Bequests – Planned Giving

Planned gifts include gifts through a will, charitable gift annuities, gifts of life insurance, charitable trusts and more. Below is a brief list of some of the most common types of assets that you can donate to charity:

  • Cash
  • Real Estate
  • Personal Property
  • Life Insurance
  • Publicly Traded Securities
  • Closely Held Securities
  • Retirement Assets
  • In-kind Gifts

A bequest is when a supporter of the San Miguel Community Foundation makes a charitable gift to the Foundation by naming it as a beneficiary in their wills.

In general there are three ways donors make bequests.

  • Specific Bequest – the donor designates a specific dollar amount, specific percentage, or specific property to the Foundation.
  • Residual Bequest – The donor’s estate will pay all debts, taxes, expenses and specific bequests. The remaining amount – the residue – will be transferred to the Foundation.
  • Contingent Bequest – A donor decides to give the designated nonprofit all or a portion of their estate only under certain circumstances. For example, naming the nonprofit as a beneficiary of the estate only if there are no surviving close family members. Childless couples sometimes provide for the entire estate to go to the surviving spouse, or if the spouse does not survive, to one of several nonprofits.

For additional information and more options please view the articles in the drop-down under this heading of Bequests or contact our office.