Make a Planned Gift to See A Cure
Trust & Planned Giving
For information about planned giving or about establishing a Memorial Trust through the tax-exempt vehicle of OMF, please e-mail info@ocularmelanoma.org
How to Make a Bequest to the Ocular Melanoma Foundation
The most common method for planned giving is a bequest in a Last Will and Testament.A charitable bequest may be in the form of cash, real estate, securities, or other property.In particular, IRA accounts make ideal charitable bequests.
There are several ways to provide for the Ocular Melanoma Foundation.An unrestricted bequest may be made, or the donor might prefer to designate the specific purpose for which the gift is to be used. An example would be an endowed fund in the donor’s name or in the memory of another or to fund research in a specific area of study.
Outright bequests, whatever the amount, are free from federal estate tax and the inheritance taxes of many states.The resulting tax savings are substantial; in a large estate they may be more than half of the value of the gift to the Ocular Melanoma Foundation.
Charitable bequests may be made by making a new will or by adding a codicil to an existing will. To ensure that the donor’s intentions are carried out as intended, both should be prepared by your personal attorney.
There are several ways to provide for the Ocular Melanoma Foundation.An unrestricted bequest may be made, or the donor might prefer to designate the specific purpose for which the gift is to be used. An example would be an endowed fund in the donor’s name or in the memory of another or to fund research in a specific area of study.
Outright bequests, whatever the amount, are free from federal estate tax and the inheritance taxes of many states.The resulting tax savings are substantial; in a large estate they may be more than half of the value of the gift to the Ocular Melanoma Foundation.
Charitable bequests may be made by making a new will or by adding a codicil to an existing will. To ensure that the donor’s intentions are carried out as intended, both should be prepared by your personal attorney.
Making a Bequest to Ocular Melanoma Foundation - Sample Wording
The following is sample wording that may be helpful in planning a bequest to the Ocular Melanoma Foundation.
Unrestricted Gift - I give to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation, 1717 K St NW Suite 900 Washington, DC 20006, USA, the sum of _______________(or _____% of my estate; or the property described herein) for its general purposes.
Gift For a Specific Purpose - I give to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation, with address 1717 K St NW Suite 900 Washington, DC 20006, USA, the sum of _______________ (or _____% of my estate; or the property described herein) to be used for ______________________________ (specific purpose).
Specific Legacy - I bequeath my house, farm, livestock, car, truck, etc., to the Ocular Melanoma Foundation. (Include property address and/or legal description, if real estate.)
Residuary Legatee - All the rest, residue, and remainder of my estate, both real and personal, I give to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation, with address 1717 K St NW Suite 900 Washington, DC 20006, USA, for its general purposes.
Contingency Gift - I devise and bequeath the residue of the property owned by me at my death, real and personal and wherever situate, to my spouse, _________________________ if he/she survives me. If my spouse does not survive me, I devise and bequeath my residuary estate to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation for its general purposes.
Final Contingent Beneficiary - I give and bequeath the residue of the property owned by me at my death, real and personal and wherever situate, in equal shares to my above named beneficiaries, if they survive me. If my above named beneficiaries do not survive me, I give and bequeath my residuary estate to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation, for its general purposes.
Testamentary Charitable Trust or Annuity - A Testamentary Charitable Trust or Annuity may be set up to provide life income to a survivor, with the principal going to the Ocular Melanoma Foundation on the survivor's death. Consult your attorney for details.
Testamentary Charitable Lead Trust - A Testamentary Charitable Lead Trust may be established in your Will to eliminate estate and inheritance taxes, and thus increase your estate for your children, grandchildren, or other heirs while continuing your important annual support for our institution for a specific number of years. Consult your attorney for details.
Gift For a Specific Purpose - I give to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation, with address 1717 K St NW Suite 900 Washington, DC 20006, USA, the sum of _______________ (or _____% of my estate; or the property described herein) to be used for ______________________________ (specific purpose).
Specific Legacy - I bequeath my house, farm, livestock, car, truck, etc., to the Ocular Melanoma Foundation. (Include property address and/or legal description, if real estate.)
Residuary Legatee - All the rest, residue, and remainder of my estate, both real and personal, I give to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation, with address 1717 K St NW Suite 900 Washington, DC 20006, USA, for its general purposes.
Contingency Gift - I devise and bequeath the residue of the property owned by me at my death, real and personal and wherever situate, to my spouse, _________________________ if he/she survives me. If my spouse does not survive me, I devise and bequeath my residuary estate to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation for its general purposes.
Final Contingent Beneficiary - I give and bequeath the residue of the property owned by me at my death, real and personal and wherever situate, in equal shares to my above named beneficiaries, if they survive me. If my above named beneficiaries do not survive me, I give and bequeath my residuary estate to the Ocular Melanoma Foundation, a non-profit 501(c)(3) Corporation, for its general purposes.
Testamentary Charitable Trust or Annuity - A Testamentary Charitable Trust or Annuity may be set up to provide life income to a survivor, with the principal going to the Ocular Melanoma Foundation on the survivor's death. Consult your attorney for details.
Testamentary Charitable Lead Trust - A Testamentary Charitable Lead Trust may be established in your Will to eliminate estate and inheritance taxes, and thus increase your estate for your children, grandchildren, or other heirs while continuing your important annual support for our institution for a specific number of years. Consult your attorney for details.
For additional information, please contact us.
Please note that this is not a legal document nor an interpretation of the law. Contact your tax advisor to help you prepare exact wording. Errors and omissions excepted.
