Welcome to Compassion Without Borders' guide on creating Bequest Gifts! Your commitment to our mission is truly heartwarming, and we're honored to help you leave a lasting legacy of compassion and support. A bequest gift is a powerful way to ensure that your dedication to our cause continues to make a difference long into the future.
What is a Bequest Gift?
A bequest gift is a charitable donation made through your will or living trust. It allows you to designate a specific amount, a percentage of your estate, or even specific assets to Compassion Without Borders. Your generosity will provide essential resources to help us continue our vital work, whether it's providing medical care for animals, supporting underserved communities, or contributing to disaster relief efforts.
Types of Bequest Gifts
1. Specific Bequest: You can choose to give a specific dollar amount or asset, such as securities, real estate, or personal property.
2. Residuary Bequest: After providing for your loved ones, you can leave a percentage or the remainder of your estate to Compassion Without Borders.
3. Contingent Bequest: This type of gift takes effect only if your primary beneficiaries do not survive you.
Steps to Create a Bequest Gift
1. Consult with Professionals: We recommend consulting with your attorney or financial advisor when creating or amending your will. They can help ensure that your intentions are accurately reflected and that your bequest gift follows legal requirements.
2. Include Specific Language: To create a bequest gift, your will should include precise language that identifies Compassion Without Borders as the beneficiary. Our legal name, address, and tax identification number will be necessary.
Legal Name: Compassion Without Borders
Address: 1130 Butler Ave. Santa Rosa CA, 95407
Tax ID Number: 20-4698227
3. Choose Your Bequest Type: Decide whether you want to make a specific, residuary, or contingent bequest, and clearly outline your wishes in your will.
4. Notify Us: While not required, informing us of your bequest allows us to express our gratitude and plan for the future. We would love to hear from you and offer our appreciation for your generous commitment.
5. Review and Update: Life circumstances may change, so it's important to periodically review and update your will to ensure your bequest reflects your current wishes.
Benefits of Bequest Gifts
Creating a bequest gift for Compassion Without Borders not only ensures the continuation of your support but also offers:
Flexibility: You retain control over your assets during your lifetime.
Impactful Legacy: Leave a lasting imprint on causes you deeply care about.
Tax Benefits: Estate tax deductions may apply, reducing the tax burden on your estate.
Your dedication to compassion knows no borders, and a bequest gift is a beautiful way to amplify your impact for years to come. Together, we can continue changing lives, one act of kindness at a time.
For more information or to discuss your bequest, please contact bequest@cwob.org.
Thank you for being a beacon of hope and a pillar of support for Compassion Without Borders. Your legacy of compassion will forever inspire others to make a difference.