Charitable Bequests
Your greatest gift is often your legacy gift. If you have been blessed by Camp Burton, please prayerfully consider a legacy gift through your estate. A bequest is one of the easiest gifts to make. As you create or update your will, trust, retirement plan or life insurance, you can specify that a gift goes to Camp Burton.
Benefits of a charitable bequest
- A bequest gift can lower your taxable estate
- Based on your net worth, you may be able to reduce the amount of taxes that your family is obligated to pay
- Legacy gifts to Camp Burton, yield eternal impact
Via your will, trust, or beneficiary designation in your retirement plan, life insurance or annuity:
Specific dollar amount
You can list a specific dollar amount to be distributed to Camp Burton. This approach provides certainty and simplicity.
Percentage bequests
A specific percentage of your overall estate can be left to charity. For example, you can designate 10% of your estate to Camp Burton or other charities.
Bequest of Residuary
You can also direct that Camp Burton should receive a percentage or fraction of your remaining estate after all expenses, debts, taxes and other specific bequests have been paid.
For questions about Wills and Charitable Gift Annuities and how they could work for you, contact your estate planner or Ben Lee at In His Steps Foundation, [email protected], 330-528-1785.
Sample Bequest Language
Your attorney can help you include a bequest to Camp Burton in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Bequests of a Specific Dollar Amount
To bequest a specific amount of money to Camp Burton, we suggest the following language:
I hereby give, devise and bequeath _______ dollars ($________) to Camp Burton, a nonprofit organization located at 14282 Butternut Rd, Burton, OH 44021, Federal Tax ID #34-1284379, for Camp Burton’s general use and purpose.
2. Bequests of a Percentage of Your Estate
To include a bequest a percentage of your estate to Camp Burton, 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 Camp Burton, a nonprofit organization located at 14282 Butternut Rd, Burton, OH 44021, Federal Tax ID #34-1284379, for Camp Burton’s general use and purpose.
3. Bequests of the Residue of Your Estate
To include a bequest of some or all of any remaining assets of your estate (after your specific bequests) to Camp Burton, we recommend the following language:
I hereby give, devise and bequeath to Camp Burton, a nonprofit organization located at 14282 Butternut Rd, Burton, OH 44021, Federal Tax ID #34-1284379, __ percent (_%) of the rest, residue and remainder of my estate to be used for Camp Burton’s general use and purpose.
4. Contingent Bequests
To name Camp Burton as a secondary beneficiary, in the event your primary beneficiary does not survive you, we suggest the following language:
If [name of primary beneficiary] does not survive me, I then hereby give, devise and bequeath _____ to Camp Burton, a nonprofit organization located at 14282 Butternut Rd, Burton, OH 44021, Federal Tax ID #34-1284379, (description of assets) for Camp Burton’s general use and purpose.