A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Fort Scott Community College Foundation that will make a lasting impact.
BENEFITS OF A BEQUEST
- Receive a estate tax charitable deduction
- Reduce the burden of taxes on the 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 Fort Scott Community College Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.
WAYS TO LEAVE BEQUEST TO FSCC FOUNDATION
- Include a bequest to Fort Scott Community College Foundation in your will or revocable trust
- Designate Fort Scott Community College Foundation as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b), or pension)
- Name Fort Scott Community College Foundation as a beneficiary of your life insurance policy
A BEQUEST MAY BE MADE IN SEVERAL WAYS
- Percentage Bequest - make a gift of a percentage of your estate
- Specific Bequest - make a gift of a specific dollar amount or a specific asset
- Residual Bequest - make a gift from the balance or residue of your estate
BEQUEST LANGUAGE
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Fort Scott Community College Foundation in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest to Fort Scott Community College Foundation, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Fort Scott Community College Foundation, a nonprofit organization located at 2108 S Horton Street, Fort Scott, KS, 66701, Federal Tax ID #____________, for Fort Scott Community College Foundation's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Fort Scott Community College Foundation, a nonprofit organization located at 2108 S Horton Street, Fort Scott, KS, 66701, Federal Tax ID #_______________, for Fort Scott Community College Foundation's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Fort Scott Community College Foundation, a nonprofit organization located at 2108 S Horton Street, Fort Scott, KS, 66701, Federal Tax ID #_______________, for Fort Scott Community College Foundation's general use and purpose.
2. Percentage Bequest
If you are considering making a bequest of a percentage of your estate to Fort Scott Community College Foundation, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Fort Scott Community College Foundation, a nonprofit organization located at 2108 S Horton Street, Fort Scott, KS, 66701, Federal Tax ID #______________________, for Fort Scott Community College Foundation's general use and purpose.
3. Residual Bequest
I hereby give, devise and bequeath to Fort Scott Community College Foundation, a nonprofit organization located at 2108 S Horton Street, Fort Scott, KS, 66701, Federal Tax ID # _________, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Fort Scott Community College Foundation's general use and purpose.
4. Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Fort Scott Community College Foundation, a nonprofit organization located at 2108 S Horton Street, Fort Scott, KS, 66701, Federal Tax ID # _________, DESCRIPTION OF PROPERTY to be used for Fort Scott Community College Foundation's general use and purpose.
CONTACT US
If you have questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include Fort Scott Community College Foundation as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.
