Support A Cause You Believe In
Through A Bequest

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September 24

A bequest is a simple yet effective way to leave something behind to those you care about. But did you know that there are bequests specifically for the nonprofit you support? It’s a simple yet powerful way to support your favorite cause. Learn more about how this type of gift works and how to set one up.  

How Do Bequests Work?  

Simply put, a bequest is a clause you put in your will that sets aside a specific amount for a person or organization. After you’re gone, the person overseeing your estate will make the donation on your behalf. There are many different types of bequests available that fit different purposes, including:  

• Charitable bequests 

• General bequests  

• Percentage Bequests 

• Specific Bequests 

• Residuary Bequests 

• Demonstrative Bequests 

• Percentage Bequests 

• Contingent Bequests 

Bequests are generally more flexible than other options, and you can donate cash, artwork, real estate, and more.  

Why Choose a Charitable Bequest? 

Do you have a cause you care about? Regardless of what it is, charity organizations count on donations like yours to make the most impact in the community.  

 From a financial perspective, bequests are also a cost-effective option. Since the organization receives your donation after you’ve passed, there are no extra costs associated with using one. In fact, bequests can even reduce your estate tax for every dollar you donate.  

How To Leave a Bequest 

Leaving a bequest is relatively simple, especially if you hire an attorney or financial planner to help you with the process.  

When you create a will, you’ll add a clause stating the charity’s name and the amount you wish to donate. You may also include specific instructions on how the organization should use the funds once they receive them. Bequests are flexible, so you can review and adjust them whenever you need to.  

Why Long Island Cares? 

If you’re in the process of drafting your will and want to leave a positive legacy behind, consider making your donation to Long Island Cares. With 313,000 Long Islanders being food secure, we’re on a mission to make our community “hunger-free.” Besides helping families access food through our pantries, LI Cares focuses on educational outreach and sponsoring programs to help families get back on their feet.  

With your donation, you can truly make a difference and leave a positive mark on your community. Are you ready to take the next steps? Contact us to receive our estate planning guide and get started today.