Including a charitable bequest as a part of your will is a great way for you to provide long-term support Salem’s Foundation for the Future while also effectively managing your estate. Making a charitable bequest is easy. If you want to leave a bequest to Salem’s Foundation for the Future, you must specifically do so in a will or trust. Your will or personal trusts are legal records of your wishes regarding how your assets should be handled at your death. Instructions regarding the dispensation of your assets are called bequests.
Charitable Bequests are not subject to estate or inheritance taxes, therefore reducing the tax burden of an estate. Charitable bequests also provide flexibility because they may be changed at any time. Your estate will be entitled to a charitable deduction for the full, fair market value of your gift. Salem’s Foundation for the Future can assist you and your attorney with standard legal language necessary to establish your charitable bequest.