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.
The Friends & Foundation of HCLS TX ID # is 52-1226011