Gifts for the Future – Charitable Bequest
The most common type of deferred planned gift is a charitable bequest – a gift which is included in your will. This can be as simple as a sentence or two in your will, or a codicil appended to it. You may give a specific sum of money: (“I give to the PPCLI Foundation the sum of $_____ to be used for its general purposes or to be endowed in the For the Soldier Legacy Fund”).
Or you can give certain assets such as stocks or parts of what remains in your estate after other bequests have been taken care of. You may, in consultation with the Foundation, designate how you wish your bequest to be used and you may state if you wish it used immediately or held as a part of our For the Soldier Legacy Fund endowment and the income from the bequest used in perpetuity.
Your estate will be entitled to a receipt for the full value of your bequest. This may significantly reduce the tax payable with your final income tax return. A tax credit will be available for donations up to 100% of your final-year net income.