Bequests
Naming FCC in your will is the simplest way to create a legacy with a lasting impact. We have provided sample wording below for educational and reference purposes only. We welcome gifts of assets, such as property, homes or financial investments such as stocks, bonds and certificate of deposits.
BENEFITS OF A BEQUEST
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to charity
HOW A BEQUEST WORKS
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Franklin Community Center, Inc. as part of your estate plan, or you can make a bequest using a beneficiary designation form. We encourage all planning to include guidance from qualified advisors. Many of our donors have found it helpful to begin the planning process with the support of an online tool. Such tools will help you create an initial document draft that you can bring to your trusted advisor for review and execution.
1. RESIDUAL BEQUEST LANGUAGE: A residual bequest comes to Franklin Community Center, Inc. after your estate expenses and specific bequests are paid:
I give and devise to Franklin Community Center, Inc., located in Saratoga Springs, NY, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
2. SPECIFIC BEQUEST LANGUAGE: Naming Franklin Community Center, Inc. as a beneficiary of a specific amount from your estate is easy:
I give and devise to Franklin Community Center, Inc., located in Saratoga Springs, NY, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).
3. CONTINGENT BEQUEST LANGUAGE: Franklin Community Center, Inc. can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to Franklin Community Center, Inc., located in Saratoga Springs, NY, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).
