Many of these stockholders are facing huge capital gains issues and might receive more favorable tax consequences if they were to make their charitable contributions by giving appreciated stock. A will is a very powerful instrument. Among other things, a will affords an individual the opportunity to specify which property is to be distributed to whom and to preserve as much of the estate as possible through the proper use of tax-saving vehicles. Over the years, many donors have helped guarantee the future of the Ouimet Fund by including a bequest to the Fund in their estate plan. Often a bequest enables a person to make significant contributions that may not have been possible during their lifetime.
Bequests can be general in nature or be restricted by purpose, timing or on contingency.
Bequests are an important source of financial support for the mission of the Ouimet Fund. The first is the opportunity for a donor to honor someone or something that has meant a great deal to them. The other endowment opportunity is new and quite special. We are currently seeking contributions to endow the new Heritage Award. The award is for inner city youth who are Ouimet Scholars.