Bequests – A Simple and Powerful Way to Ensure Our Work Carries on for Future Generations
Deciding how to divide your assets among your heirs and charity is usually a matter of the heart. It involves decisions about your personal financial independence, your family legacy, and the investment of your social capital. The easiest and most common way for you to make a gift to GreenUP is through a bequest in your Will or Revocable Living Trust. The tax laws encourage charitable bequests, so it is an excellent way to support our programs while reducing your estate taxes.
A will is a statement about what matters most in your life. By making a will you can clearly express your intentions on how you wish your life’s work distributed. Your executor will follow your wishes in administering your estate. Without a will, the intestate laws of your state will divide your assets.
After providing for family and friends, consider a meaningful gift to GreenUP to continue your lifetime of support. Bequest gifts can take many forms such as a specific gift amount, a specific gift type, a percentage of the estate, a percentage of the residue of an estate, or the entire residue considering all other provisions of your will. Or a bequest can be contingent, that is, taking effect only after other provisions cannot be satisfied.
“When I volunteered as a director at GreenUP, I had the opportunity to witness the potential of the organization but also its financial constraints. The organization has done so much for the Peterborough community over the past twenty years. This December, I just really wanted to make a difference…so I included GreenUP in my will, as did my late mother, Florence Cragg. I could not be more satisfied and confident knowing my gift will positively impact people’s lives right here in the Kawarthas.”
Paul Cragg, MD, Peterborough