image
image
image
Donate > Legacy giving

Legacy giving

You can support the mission of The Sophia Way by making a charitable bequest.

A charitable bequest is simply a distribution from your estate to a charitable organization through your last will and testament.

Below are the most common kinds of bequests.

General Bequests are legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the cause of your choice.

Specific Bequests are made when a particular item or property is bequeathed for a designated purpose (for example, instruments bequeathed to the local school district for use in music education; dollar funds to be used in the operation of a school or church).

Residuary Bequests are made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.

Contingency Bequests allow you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.

How to proceed

Without a will, there is no mechanism in place to make a bequest, so here are some steps you should take to make sure your wishes are granted.

  1. Make a list of organizations or causes that you would like to support.
  2. Make a detailed list of your assets (financial, real estate, vehicles, jewelry, collectibles, musical instruments, etc.)
  3. Set up an appointment with your financial analyst or attorney, or planned giving officer at the organization you intend to support. These professionals will help sensitively guide you through the process.




Contact us | View site map


image


image
image
image