Bequests
Charitable gifts made in a person's will are otherwise known as "bequests" or are sometimes called "estate gifts." By any name, a bequest provides a gift for a charitable organization from your estate (the sum of your tangible possessions). This gift is usually made in the form of cash (after your executor converts tangible property through sale), although a bequest of tangible property, such as a house or marketable securities, can be made as well.
The most direct approach is to name the League of Women Voters of San Diego as a beneficiary in your will. We suggest framing the provision generally to enable us to use the gift in the area of greatest need (e.g., "for general uses and purposes"). You can specify a set amount to be directed to the League by the Executor, or you can specify a set percentage of the residual estate (that which is left after expenses and other special gifts are met, usually divided among several beneficiaries). This guidance is basic in nature and is not meant as a substitute for planning with an estate lawyer or other financial advisors.
Sample bequest language:
"I devise and bequeath to The League of Women Voters of San Diego (Federal Tax ID# 95-2807343) (Insert amount of gift or insert the percentage of estate) to be used for its general purposes."
A donation to LWVSD in your will or living trust helps ensure that we continue our mission for years to come!