Planned giving:
Will Bequests

WHAT?
Will bequests are the most popular and personal way to making a difference beyond your lifetime. A bequest is a charitable gift of property to be delivered at the donor’s death. You can create a will bequest simply by directing in your will that your interest in certain money or property be transferred from your estate to designated charities.

WHY?
• Charitable bequests present an excellent way to pass on assets that may otherwise be substantially taxed.

• The donor’s estate may be entitled to an estate tax charitable deduction for the full, fair market value of the bequest.

• Federal and estate tax rates can exceed 60 percent of the decedent’s estate and failure to properly plan an estate can have devastating consequences.

• Wills are fully revocable before death.

HOW?
You can include the following language in your will to make a bequest to the Foundation:

To Bequeath a Specific Amount: “I give, devise, and bequeath to the Dallas County Community College District Foundation, Inc., a non-profit corporation in Dallas County, Texas, the sum of [$__], for use in (state the purpose for which you wish your bequest to be used, or indicate “general purposes”).”**

To Bequeath a Percentage (Residual): “I give, devise, and bequeath to the Dallas County Community College District Foundation, Inc., a non-profit corporation in Dallas County, Texas, [__] percentage of my residual estate, both real and personal, for use in (state the purpose for which you wish your bequest to be used, or indicate “general purposes”)”.**

Residuary Bequest: “All the rest, residue and remainder of my estate, of whatsoever nature and wheresoever located, I give, devise and bequeath to the Dallas County Community College District Foundation, Inc., a Texas non-profit corporation, for use in (state the purpose for which you wish your bequest to be used, or indicate “general purpose”)”.**

A charitable gift can be designated in the body of a will or as an amendment (codicil). A codicil eliminates the need to rewrite your will.

** Prospective donors are urged to seek the advice of an independent legal counsel in the gift planning process.

What's in a will? Click here to read about the typical components of a will.

> Charitable Remainder Trusts

> Giving Appreciated Securities

> Giving Personal Property

> Giving Real Estate

> Life Insurance Gifts

> Retirement Plan Benefits
   Donations

> Will Bequests

What's in a will?
Click here to read about the typical components of a will.

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