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Ways to Give - Bequests


Bequests


After you¹ve taken care of family and loved ones, one of the easiest and most common ways for you to make a gift to SCCF is through a bequest in your will. Since a bequest does not become effective until your death, the assets remain yours to use during your lifetime.

A good time to consider including a bequest is when you are involved in planning your estate or writing or revising your will.

Your taxable estate at death is reduced by a 100 percent deduction for the amount of the bequest. (You can also designate a bank account or IRA account to be paid to SCCF at your death.)

Types of Bequests

  • Specific sum of money. Example: You leave $30,000 to the SCCF unrestricted fund.
  • Specific Asset. Example: You leave your bank common stock to SCCF, or you leave your lake house to the SCCF education fund.
  • Percent of Estate. Example: You leave 25 percent of your estate to the SCCF general fund.