An estate gift provides significant support to the NCSBS. The gift can be made through a will or a trust, and both vehicles enable assets to be distributed to individuals and nonprofit organizations in the amounts or proportions indicated. An estate gift provides the following benefits:
- The opportunity to make a major gift while preserving assets during life.
- A Reduction in federal estate taxes.
- The opportunity to designate the gift to a specific program or service of the NCSBS.
- All assets, including cash, securities, real estate and tangible personal property, may be transferred to the NCSBS through a donor’s estate.
Estate gifts can be made in the following ways:
- Specific Bequest: The NCSBS receives a specific dollar amount, a specific piece of property or a stated percentage of the estate. This is one of the most popular forms of bequests.
- Residuary Bequest: The NCSBS will receive all or a stated percentage of an estate after distribution of specific bequests and payment of debts, taxes and expenses.
- Contingent Bequest: The NCSBS will receive part or all of the estate under certain specified circumstances.