Bequests
By: Source: AARP.org Date Posted: 2002-11-22 15:59:02
Planned Giving - Bequests
Bequests are an important way for the AARP Foundation to continue and expand its service to individuals, families and communities throughout our country. For many of our supporters, a bequest has been the favored way to give and ensure a lasting legacy. Donors often find bequests attractive, as they are able to maintain control and use of their assets during their lifetime.
An individual can use a bequest as a means to transfer (upon death) ownership of specific assets (such as cash, securities and real property — even saleable art) to other individuals (such as relatives) or to charitable organizations. The means to accomplish the transfer is a legal document called a will.
Many people either believe they do not need a will or have not taken the time to have a will drawn up. If you have not prepared a will, please take a moment to review the importance of a will. For your convenience, should you want to add bequest language to your will, the Foundation has provided sample language that illustrates different ways a bequest may be made.
A bequest to the Foundation provides the following:
- An estate tax deduction;
- Directs money for use on a variety of programs designed to serve the most vulnerable elderly; and
- Qualifies the donor for the Heritage Society.
To learn more about your giving options, please contact:
Office of Planned Giving
Tel: 1-800-775-6776
Email: plannedgiving@aarp.org
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