What is a Charitable Bequest?
A charitable bequest is a gift made to a nonprofit or a charity through a will or trust. Designating FINCA International as a primary beneficiary on your will is an easy way to leave a legacy gift that will make a lasting impact.
Another option can be to designate FINCA International as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension). You can also choose to name FINCA International as a beneficiary of your life insurance policy.
Benefits
Receive an estate tax charitable deduction
Reduce the burden of taxes on your family
Leave a lasting legacy to FINCA
Continue to use the asset or property you will leave to charity, during your life
You can designate FINCA International as the beneficiary of your asset by will, trust or beneficiary designation form.
To help you get started on your will and bequest, you can use FreeWill, a free online tool that guides you through the process of creating a will or trust in 20 minutes or less. Get started with FreeWill today.
If you have any questions about making a charitable bequest, we are happy to assist.
If you have made a charitable bequest to FINCA, we would like to thank and recognize you for your gift. Please fill out this form to share your gift information with FINCA.
Bequests of real estate, personal property, business interests and cash are typically made by way of a will, revocable trust or even a simple codicil to your current estate plan.
Other bequests, such as those involving retirement assets, insurance policies, bank accounts and stocks and bonds, are typically made by completing the appropriate beneficiary designation form. Please contact your retirement plan administrator, life insurance company, bank or investment broker and ask them to send you the appropriate “beneficiary designation” form. You will need to complete and sign the form and then send it back to whom originally sent you the form.
When the bequest property is transferred to FINCA International, the full value of this gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.