Bequests Keep You In Control
According to a study commissioned by
the National Committee on Planned Giving, 8%
of Americans have already earmarked money for charities in their wills or created another type of legacy gift. And
one out of four people surveyed (25%) plan to add a charitable bequest to their
One of the survey's most interesting findings is that
bequests and legacy gifts are not just done by seniors. In fact, more than two-fifths
of those who have set up gifts to charities in their wills are younger than 55.
enable donors to maintain ultimate control of their assets. To understand how
this works, it may be helpful to think of your assets as two types of individual
capital: personal capital and social capital. Personal capital is the portion
of your estate that you control and can pass along as you wish to your designated
heirs. Social capital is the portion of your estate that will be paid in taxes,
unless you direct it to charitable giving.
With a charitable
bequest in place, you retain control of your social capital. Instead of your hard-earned
assets going to the government, which will use your money as it sees fit, you
get to decide how your money will be spent, what it will accomplish, and who will
administer your funds. You can then be confident that your assets will be managed
effectively and used exactly as you direct.
Return to Bequests.