Giving Promise 

       

 

Bequests

 

 

 

 

One of the specific ways you can sustain Children of Promise for years to come is by making a bequest in your will. A bequest is simply a gift of property that is made through your will or revocable trust. Here are some benefits of a bequest:

• It is a future gift that does not affect your cash flow or portfolio now
• Your assets remain in your control during your lifetime
• It can be modified should your circumstances change
• There is no upper limit on estate tax deductions taken for charitable bequests
• It costs you and your family nothing now, and tomorrow you get an estate tax deduction

A bequest to Children of Promise can be written NOW, and your final gift can be used THEN to further expand the rescuing of vulnerable children in desperate need—and changing their lives forever.

 

SAMPLE BEQUEST LANGUAGE FOR YOUR WILL OR REVOCABLE TRUST

1.      Gifts to Making It All Happen Fund

Percentage of estate for Making It All Happen
“I give, devise, and bequeath to Children of Promise Inc, a 501c(3) child sponsorship ministry located in Anderson, Indiana, _____ percent (%) of my estate as a gift to Children of Promise.”

 

Specific amount for Making It All Happen
“I give, devise, and bequeath to Children of Promise Inc, a 501c(3) child sponsorship ministry located in Anderson, Indiana,  the sum of $_______ in cash or in-kind (or ________ shares of ________stock) as a gift to Children of Promise.”

 

2.      Gifts for specific purposes

Percentage of estate for specific purposes with an Endowment provision
“I give, devise, and bequeath to Children of Promise Inc, a 501c(3) child sponsorship ministry located in Anderson, Indiana, _____ percent (%) of my estate to fund the CHILDREN OF PROMISE ENDOWMENT.    If changed circumstances should at some future time make it impractical to continue using distributions from the Endowment for the purpose designated, then the Children of Promise Board of Directors may re-designate the purpose to adhere as closely as possible to my original intent.”

 

Specific amount for specific purposes
“I give, devise, and bequeath to Children of Promise Inc, a 501c(3) child sponsorship ministry located in Anderson, Indiana, the sum of $_______ in cash or in-kind (or ________ shares of ________stock) to be used for __________________________________________ at Children of Promise.   If changed circumstances should at some future time make it impractical to continue using this gift for the purpose designated, then the Children of Promise Board of Directors may re-designate the purpose to adhere as closely as possible to my original intent.”

 

Please consult with your professional advisers. If I may be of any help or answer questions, call me at 800-848-2464, ext. 2114, or email cgw@echildrenofpromise.org.

                                                                        Dr. Charles G. Wanner

Disclaimer

The discussion herein is general in nature and is not to be considered legal or financial advice. Prospective donors are urged to consult their personal tax, financial, and legal advisors concerning the specific consequences of making gifts to Children of Promise.