Estate Giving to
Integrity
Consider
this . . .
- Only 30 percent of
Americans die with a will.
- Only 6 percent of
Americans include charitable bequests in their will.
- It can be simple to
create a will and leave a legacy by contributing to an organization
like Integrity that means a great deal to you.
- Enormous personal
satisfaction can result from leaving a legacy.
- A gift to Integrity
does not have to be large to make a difference.
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Thank you for your interest in
exploring how to support the work of Integrity through your will. We are glad
that you are considering leaving a legacy to Integrity. Remembering Integrity in
your estate plan will enable you to support the ongoing ministry of Integrity
for many years to come.
Please consider why making a will
is so important: The estates of persons who die intestate (without a will) are
disbursed according to state laws, which generally only recognize blood ties. It
is important to your family and friends and to your church and the other
charitable organizations that you have supported throughout your life that you
create a will that allocates your property when you die to those persons and
institutions that you hold dear. Something this important to your community
should be important to you also. And given that the probate laws of most states
discriminate against persons in same-sex relationships, it is particularly
important for lesbian, gay, bisexual and transgender persons in relationships to
create wills to protect their partners.
Below is some information to help
you include Integrity in your estate. We recommend that you obtain the
professional advice of a financial planner and/or an attorney who specializes in
estate planning before finalizing your plans.
Leaving a Bequest to Integrity
A bequest in your will allows you
to pass any amount you wish to Integrity free of estate tax. Bequests can take
various forms. You can give cash or specific property, a dollar amount or a
percentage of your estate, with restrictions or without. To make a bequest to
Integrity, please include the following information in your will:
Integrity,
620 Park Avenue #311,
Rochester, NY 14607-2943.
The following examples of several
types of bequests are included for your consideration in preparing your will:
General Bequest
A general bequest is one of the
most popular ways to make a planned gift. Through a general bequest you simply
leave a specified dollar amount to the designated charity.
"I give _____ (insert
dollar amount) to Integrity as an unrestricted gift."
Percentage of Estate/Residuary
Bequest
Giving a percentage of your estate
or a residuary bequest is used to give the charitable organization all or a
portion of your property, after all debts, taxes, expenses and all other
bequests have been paid.
"I give ___% of my estate
to Integrity after all debts, taxes, expenses and all other bequests have been
paid as an unrestricted gift."
"I give the remainder of
the property I own at death to Integrity after all debts, taxes, expenses and
all other bequests have been paid as an unrestricted gift."
Specific Bequest
A specific bequest is another
popular type of charitable bequest. With this bequest, you designate that a
charitable organization is to receive a specific piece of property.
"I give _________ (insert
description of real or personal property) to Integrity as an unrestricted
gift."
Contingent Bequest
When writing a will, it is
important to plan for the situation where the beneficiary of a bequest dies
before you or disclaims the property. Consider naming a charitable organization
as the alternate or contingent beneficiary. This will ensure that the property
will pass to the designated charity rather than to unintended beneficiaries.
"If ______ (insert name)
predeceases me or disclaims any interest in _______ (describe property), I give
such property to Integrity as an unrestricted gift."
Restricted Bequest
The samples of bequest provisions
suggested above are designed to provide unrestricted gifts. You may prefer,
however, to restrict your bequest for a specific purpose. For example, if you
wish to memorialize a family member or an honored colleague, you can establish a
named fund that will provide support for a program or ministry of Integrity in
which you or the honored person were particularly interested.
A restricted bequest usually should
be made in the broadest terms possible consistent with your interests. This
guards against the possibility that the purpose of the gift has become obsolete
at the time of your death.
"I give ____ (insert dollar
amount) to Integrity. This gift shall be held as a permanent endowment to be
known as the ' _________ (insert person's name) Fund.' Only the income from
which may be used to support the ____________ (insert purpose for which the gift
is to be used). If the Board of Directors of Integrity determines that it is not
feasible or economical or proper to use the income of the fund for the purpose
stated above, the income of the fund may be used for such purposes of Integrity
as the Board of Directors of Integrity directs."
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