The term "charitable bequest" is used to describe anything you give or leave to charity from your estate through a will or a revocable "living" trust. An "estate" is any property, money or personal belongings that you have at the time of your death. Most people have an estate when they die, regardless of their amount of assets. Even an individual with a small estate can arrange to leave a charitable bequest.
Benefits of Bequests:
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The ability to designate a specific dollar amount or percentage of the net proceeds of the estate |
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The ability to name RAMP as a secondary beneficiary, leaving the bulk of your assets to your family |
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Reducing or avoiding federal estate taxation |
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Sample Language for Bequests:
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| "I give to Regional Access & Mobilization Project, Inc. (RAMP), an Illinois not-for-profit organization, the sum of $_________ or __________% of residuary estate to be used where the need is greatest to support independent living services. If the stated use becomes impossible or impractical, the Board of Directors and staff of RAMP can determine an alternate use." |
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If you would like to communicate your intentions to leave RAMP in your will, please fill out a Letter of Intent (pdf) and mail to RAMP.
For more information about charitable bequests, contact RAMP or consult a professional advisor.
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