Have you thought of leaving a gift from your estate to Friends & Foundation of HCLS? A legacy gift from your will or by designating Friends & Foundation of HCLS as the beneficiary of an account is a wonderful way to support the Library through a donation with a lasting impact. Making a gift in this manner may reduce the amount of your estate subject to taxation. For more information about including Friends & Foundation of HCLS in your estate please consult your tax or financial advisor for more details.
Four Types of Bequests and Estate Gifts
A simple way to support Friends & Foundation of HCLS is to remember our organization in a will. Most people make their gift unrestricted to allow use of the funds where they are needed most when received. An attorney can draft a codicil or amendment to an existing living trust or will. In general, bequests can be made as:
- Percentage bequest – a percentage of your estate
- Specific bequest – a specific dollar amount or a specific asset
- Residual bequest – from the balance or residual of your estate
- Contingent bequest – a gift occurs only if the named beneficiary (ies) or purpose of the primary bequest cannot be met.
Name Friends & Foundation of HCLS as the beneficiary of a retirement account
Designate Friends & Foundation as a full, partial or contingent beneficiary of a retirement account (IRA, 401(k), 403(b) or pension). The company that holds the account can provide paperwork to you to change the beneficiary.
For more information, please contact Rita Hamlet at 410.313.7799 or via email: rita.hamlet@hclibrary.org.
The Friends & Foundation of HCLS TX ID # is 52-1226011
