Bequests and Estate Gifts
You can make a planned gift by naming the Oregon and SW Washington Affiliate as the beneficiary in your will or by naming the organization as owner and beneficiary of a fully paid life insurance policy. These gifts can provide various tax benefits to you and your family. There are several ways you can do this. You can (1) give a specific amount of money to Komen; (2) give a specific item of property to Komen; or (3) give a specified percentage of the residue of your estate to Komen (the residue of your estate is that which is left over after all specific gifts have been made, whether charitable or non-charitable). The following simple language can be used to make your gift:
"I give and devise to the Oregon and SW Washington Affiliate of Susan G. Komen for the Cure, or its successor, the sum of _________ Dollars ($_________) to be used for such charitable purposes as the governing body of Susan G. Komen for the Cure deems appropriate; provided, however, that at the time of such gift, Susan G. Komen for the Cure or its successor, must be a charity as described in Sections 170(c) and 2055(a) of the Internal Revenue Code."
OR
"I give and devise ________ percent (________%) of my residuary estate to the Oregon and SW Washington Affiliate of Susan G. Komen for the Cure, or its successor, to be used for such charitable purposes as the governing body of Susan G. Komen for the Cure deems appropriate; provided, however, that at the time of such gift, Susan G. Komen for the Cure, or its successor, must be a charity as described in Sections 170(c) and 2055(a) of the Internal Revenue Code."
A bequest may be included in the body of a will or as an amendment (codicil). Gifts made through a bequest typically provide an estate tax deduction. Please consult your attorney and/or financial adviser for specific information.
For further information, please contact:
Susan Schwartz, Director of Development
503.546.7431
sschwartz@komenoregon.org
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