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Learn More about Bequests

A SIMPLE GIFT

If you would like to help build the long-term financial strength of the Frank Fenner Foundation but feel you cannot make a significant gift today, the solution may be a charitable bequest. A bequest under your will or revocable trust can complement your ideals, lifestyle and commitments today while supporting the Frank Fenner Foundation tomorrow.

 

DONORS CHOOSE A BEQUEST BECAUSE

  • It is not payable until death, so it does not affect your assets or cash flow during your lifetime.
  • It is revocable – you can change the provisions in your will or trust at any time, and
  • It is private – your will is not filed or made public until your death.

 

GIVING OPTIONS

  • A Percentage: ("I bequeath ten [10%] Percent of my estate").
    This is often regarded as the most flexible way to give as you don’t have to adjust the value of your gift to account for inflation or changes to your total assets.

  • The Residue: ("I bequeath ten [10%] Percent of the residue of my estate").
    This is a gift of whatever is left in your Estate after you have taken care of your loved ones.

  • A Fixed Amount: ("I bequeath the sum of Ten Thousand [$10,000] Dollars").
    Leaving a specific sum.  This type of bequest may need to be changed over the years to account for inflation and changes in your circumstances.

  • You can designate that your bequest is directed to a particular program or activity at the Frank Fenner Foundation. Or you can make your bequest unrestricted and allow us to use it for our top priorities when we receive your gift.

 

IS A BEQUEST DEDUCTIBLE?

A bequest from a will or a trust distribution to the Frank Fenner Foundation is tax deductable.

 

Interested in naming the Frank Fenner Foundation as a beneficiary of your will or trust?

 

PLANNING POINTS

  • The more narrowly you restrict the use of your bequest, the greater the risk that the program you want to benefit today won't be as vital or as relevant when we receive your gift in the future. Please talk with us as you are drafting your will if you want to restrict the use of your bequest.

 

 

WHAT IF I'VE ALREADY WRITTEN MY WILL OR TRUST?

You can amend a will or trust to make a gift without rewriting the entire document. Your attorney can prepare a simple document, called a codicil, which adds a new bequest to us while reaffirming the other terms of your will. Similarly, an attorney can prepare an amendment to a revocable trust to add the Frank Fenner Foundation as a beneficiary.