Home » How to Help » Ways to Give » Bequest

Bequest

Impart your legacy with Long Island Cares. Through a bequest, you can easily lend support to Long Island’s leading hunger assistance charity through a will or the designation of Long Island Cares Inc. as a beneficiary of all or a portion of an IRA, Keogh, 401(k), 403(b) or another qualified pension plan.

The full amount of a bequest or testamentary gift is deductible from a taxable estate. Bequests, testamentary gifts, or qualified pension plans should specify the terms of your will, trust, or beneficiary designation form, and we recommend you always consult an attorney.

If you now have a will, you can include or update a bequest to Long Island Cares through a simple codicil, without the need for executing a new will. A codicil makes amendments to add bequests to those already included in your will but must meet all requirements of your state.  Generally, it must be signed by you in the presence of witnesses who must attest to the execution of the document. Make sure you identify our institution by its formal legal name: Long Island Cares, Inc. The EIN for the organization is 11-2524512.

We sincerely hope that you will include Long Island Cares, Inc. in your estate plan, and we urge you to let us know if you plan to make a bequest to support our work and activities. We would welcome the opportunity to discuss with you how your bequest can play a meaningful role in our future and perpetuate your life values. Please contact Katherine Fritz, Chief Development & Communications Officer, in our Development Office at 631-582-3663 ext. 103.

Bequests can take various forms, but the three main types are a percentage bequest, a residual bequest or a specific bequest.

 Percentage Bequests

A percentage bequest is a bequest of a certain percentage of your estate or of another asset.

EXAMPLE: “I give, bequeath, and devise (state percentage amount) to Long Island Cares, Inc. a qualified 501(c)(3) charitable institution, located in Hauppauge, New York, to be used for its general purposes.”

 Residual Bequest

A residual bequest is a bequest of all or a portion of the remainder or residue of the estate after specific and other bequests have been distributed.

EXAMPLE: “I give, bequeath and devise (all, or state percentage) of the rest, residue and remainder of property, both real and personal, wherever situated, which I may own or be entitled to at my death, to Long Island Cares Inc., a qualified 501(c)(3) charitable institution, located in Hauppauge, New York, to be used for its general purposes.”

 Specific Bequest

A specific bequest is a bequest of a specific item or dollar amount.

EXAMPLE: “I give, bequeath and devise (state amount or item) to Long Island Cares Inc., a qualified 501(c)(3) charitable institution, located in Hauppauge, New York, to be used for its general purposes.”

Next

Car Donations