A bequest in a will is a popular deferred giving option because it provides estate tax benefits. There are four types of bequests:
- Restrictive bequest
- restricted for a specific purpose
- Unrestrictive bequest
- flexible because it can be used for the college's greatest need
- Endowed bequest
- allows the fund principal to be preserved and the income to be used for specific purposes
- Contingent bequest
- names MPTC as a contingent beneficiary in case the initial beneficiary predeceases the donor. Naming MPTC as a contingent beneficiary is a way to ensure that assets do not get caught up in probate.
Benefits to You
Gifts made to the Moraine Park Foundation are 100% tax deductible as allowed by law, and by planning a gift to Foundation through your will, it provides you with the opportunity to make a substantial future gift to MPTC.