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Bequest
(The "I Can Give" Gift)
 


How it works
  1. You can provide now for a future gift to the Red Cross by including a bequest provision in will or revocable trust.
  2. Your will or trust directs assets to your heirs.
  3. Your will or trust directs a bequest to the Red Cross for the purpose(s) you specify.
Benefits
  • Your assets remain in your control during your lifetime.
  • You can modify your bequest if your circumstances change.
  • You can direct your bequest to a particular purpose (be sure to check with the Red Cross to make sure your gift can be used as intended).
  • There is no upper limit on the estate tax deductions that can be taken for charitable bequests.
  • You can have the satisfaction now of knowing that your bequest will support the Red Cross in the way you intended when you are gone.
Sample language for Bequests:
  • Unrestriced Gift: A gift that can be used where need is greatest.
    I give, devise, and bequeath to the American Red Cross, Greater Cleveland Chapter, Cleveland, Ohio, the sum of $_______* for its general purposes.
  • Gift for a Specific Purpose: A gift that is to be used for a specific purpose.
    I give, devise, and bequeath to American Red Cross, Greater Cleveland Chapter, Cleveland, Ohio, the sum of $_______* to be used for [state specific purpose, program or activity].
  • Residuary Bequest: Leaves any remainder after all other bequests have been paid.
    I give, devise, and bequeath to the American Red Cross, Greater Cleveland Chapter, Cleveland, Ohio, ________ percent of the residue of my estate to be used for it's general purposes.
  • Contingency Gift: Takes effect only if a primary intention can't be met.
    In the event that ____________ predeceases me, I give, devise, and bequeath his/her bequest or share to the American Red Cross, Greater Cleveland Chapter, Cleveland, Ohio, to be used for its general purposes.

* Rather than leaving a sum certain, you can include language that refers to a percentage of your estate or a description of the property you wish to give.

Note: Bequest provisions designated for a specific program or activity require additional language.



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