Leaving a legacy that is aligned with your values can be simple — and a Will helps ensure your property is distributed according to your needs and wishes.
For many, making a gift through your will is the easiest and most common method to make a substantial gift that will support our mission for years to come.
A charitable bequest in your Will may be in the form of cash, securities, real estate, or other property. You can make a bequest to WFIU or WTIU through your Will or trust by donating your entire estate, a portion of your estate, a fixed dollar amount, or a percentage of your assets. View sample bequest language for a will.
The benefits of making a bequest gift include:
- Flexibility: Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
- Versatility: You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
- Tax Relief: If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift’s full value.
- Recognition: (if desired)as a member of our Limestone Legacy Society.
Here’s a little more information about some of your options when making a gift through your Will:
Leave a percentage of your total estate – In using this approach, your gift adjusts with changes in the size of your estate.
Gift the remainder of your estate – After your specific gifts to loved ones have been made, you may designate that the entire “residue” or remainder of your estate, or a percentage of that remainder go to one or more charitable organizations. With this approach as well, your gift adjusts with changes in the size of your estate.
Make a gift of a specific amount – You specify a dollar amount to be given to one or more nonprofits. With this kind of gift, it is especially important to keep your Will or trust up-to-date.
If you already have a Will, you can easily add a new gift, change a provision, or delete a gift by adding an amendment, or codicil to your existing Will.
The IU Foundation handles all bequests. Their EIN is 35-6018940.