Methods of Donation: Testamentary Bequests

Posted March 8th, 2007 by Roane Lacy Jr.
Categories: Methods of Donation

Testamentary bequests can be made through a will or a codicil to your existing will. This is a common method for clearly and specifically directing your executor to transfer assets to the foundation after your death. This method of giving decreases your estate tax liability and results in a saving for heirs and the foundation can invest the resulting funds without income taxation, amplifying the amount of earnings that can be made available for the benefit of the church.

Codicil forms are available in the church office or in the foundation parlor. Or, call the office or one of the foundation trustees for further discussion and guidance. Consultation with your lawyer or tax attorney is advisable and there are several very capable attorneys who are church members who will be happy to advise you.

What is the First Presbyterian Church Foundation?

Posted March 6th, 2007 by
Categories: General