How You Can Help
WHO Charitable Bequests
“Let your legacy live on – consider a charitable bequest to the WHO Foundation.”
Charitable bequests or planned giving are contributions that donors make to non-profit
organizations through their wills or other legal documents regulating what happens
to their money and property after they die. It is not an uplifting topic, but
it is an important one. Deciding what you leave behind can help you, your family,
and perhaps your favorite charity organization, such as the WHO Foundation.
It is always best to work with a trust officer at a bank or law firm to ensure
that your belongings go to whom they are intended. Here are a few options
that you have when it comes to estate planning:
- Make an outright bequest in your will: The easiest and most direct way to make
a charitable gift is by an outright bequest of cash in your will. Making an outright
bequest requires only a short paragraph in your will that names the charitable
beneficiary and states the amount of your gift. The outright bequest is especially
appropriate when the amount of your gift is relatively small, or when you want
the funds to go to the charity without strings attached.
- Use a charitable trust: Another way for you to make charitable gifts is to create
a charitable trust. There are many types of charitable trusts, the most common
of which include the charitable lead trust and the charitable remainder trust.
- A charitable lead trust pays income to your chosen charity
for a certain number of years after your death. Once that period
is up, the trust principal passes
to your family members or other heirs. The trust is known as a charitable
lead trust because the charity gets the first, or lead, interest.
- A charitable remainder trust is the mirror image of the charitable
lead trust. Trust income is payable to your family members
or other heirs for a period of
years after your death or for the lifetime of one or more beneficiaries.
Then, the principal goes to your favorite charity. The trust
is known as a charitable
remainder trust because the charity gets the remainder interest.
- A charitable lead trust pays income to your chosen charity
for a certain number of years after your death. Once that period
is up, the trust principal passes
to your family members or other heirs. The trust is known as a charitable
lead trust because the charity gets the first, or lead, interest.
Source: http://www.toalfinancial.com/cg.php