A Gift in Your Will Costs You Nothing Now
A simple sentence could turn into a cure for cystic fibrosis.
One of the easiest ways to support the Cystic Fibrosis Foundation is to leave a gift in your will. You can name a specific dollar amount, or a percentage of what is left, after you leave specific gifts for family and friends.
You can also designate the Foundation as a beneficiary of all or part of your estate – and you can update your beneficiary at any time.
Gifts by Bequest in Your Will or Trust
A bequest or gift in your will has many advantages. Perhaps the most important one is that it allows you to retain your assets throughout your lifetime so they are there for you if unexpected family needs, health problems or other unpredictable life events arise. Many donors prefer this since they can easily change their bequests.
- Your assets remain under your control during your lifetime.
- You can modify your gift if your circumstances change.
- A bequest by will may be an effective way to reduce estate taxes.
- You can arrange to provide for loved ones and the Cystic Fibrosis Foundation.
- Just a sentence in your will or trust completes your gift.
- You will help us find a cure for cystic fibrosis, regardless of the size of your gift.
Here is sample language for leaving a specific dollar amount, or percentage of your residual assets in your will:
I give and bequeath to the Cystic Fibrosis Foundation (chapter name if applicable), located in Bethesda, MD, the sum of $_____.
I give and bequeath to the Cystic Fibrosis Foundation (chapter name if applicable), located in Bethesda, MD, _______ (all or a percentage) of the rest, residual and remainder of my estate.
Here’s sample contingent language:
If (insert name) is not living at the time of my death, I bequeath to the Cystic Fibrosis Foundation (chapter name if applicable), located in Bethesda, MD the sum of $____ or ____ percent of the rest, residual and remainder of my estate.
What if I’ve already written my will or trust?
You can amend a will or trust to make a gift without rewriting the entire document. Your attorney can prepare a simple document, called a codicil, which adds a new gift to the Cystic Fibrosis Foundation while reaffirming the other terms of your will.
Please contact Tricia Benson, senior director of planned giving, Cystic Fibrosis Foundation, at firstname.lastname@example.org or 240-482-2845 if you have any questions.