Wills and Bequests
About OFS Services Programs Jobs @ OFS Contact OFS

Make A
    Donation

<< Back to OFS Planned Giving Home

 THE WILL AS THE CORNERSTONE OF ESTATE PLANS

A will is the most common arrangement for distributing assets.  A bequest to a charity is specified in a will or as a remainder interest in a revocable trust.  Benefactors may bequeath a specific amount or a percentage of the "residue" (the amount that remains after paying all inheritances, debts and costs).  There are special arrangements, or testamentary trusts, established by will that can provide financial benefits to family members and later become gifts to charity.

People enjoy making charitable gifts to causes in which they believe, and a bequest can be a continuation of the charitable support they provide during their lifetimes.

 CONSIDERATIONS AND BENEFITS OF BEQUESTS
  • Many people are familiar with bequests to charity made by will but are uninformed about the benefits of other charitable planned giving options.
  • Bequests often are the first step in developing other charitable gift plans.
  • A bequest can form the basis of a memorial gift
  • Funds received through a bequest will ultimately contribute to the growth of the Oakland Family Services Endowment Fund.
 DONOR PROFILE FOR BEQUESTS
  • Donors who believe they need to control all of their assets to maintain their standard of living.
  • Younger donors who are unsure of future needs and typically leave a percentage of the estate or residue to charity when they execute a will.
  • Donors who have a long history of gift giving to a charity but are not able to give a large gift.
  • Donors with assets and no heirs.
 TO LEVERAGE YOUR BEQUEST THROUGH THE "TOUCH THE FUTURE" PROGRAM:
  • New bequests made through a Last Will and Testament (or a trust funded by a "pour over" will to OFS) are eligible for Bonus Grants of $1,000 from the Community Foundation for Southeastern Michigan.
  • A bequest must be for $10,000 or more to qualify for a bonus grant.
The information presented is for educational purposes  and should not be considered as tax or legal advice.  Donors should consult with their professional advisors.
For more information call the OFS Development Department at (248) 858-7766 or email at: smorrison@ofsfamily.org

<< Back to OFS Planned Giving Home

© 2000 Oakland Family Services E-mail Oakland Family Services Return to Top