What is a "Charitable Bequest?"
Charitable bequests allow you to contribute to Dynamic Partners without giving away assets you may need during your lifetime. We can provide you and your legal advisor with language to include in your will that ensures that your wishes will be carried out. As with any gift, you can designate a program to support, or you can make an unrestricted bequest and allow Dynamic Partners to determine the area of greatest need for support.
Please inform us of your bequest so we can assure you that your gift is properly structured and will be used according to your wishes.
Types/examples of bequests include cash and real property, retirement plan assets, and income producing gift plans.
Cash and Real Property
In your will, you can designate Dynamic Partners as the beneficiary of either a specific legacy or a bequest that is a fixed percentage of your estate.
- You can bequeath securities, real estate, or other property.
- You can make your gift contingent on other conditions of the will being fulfilled before Dynamic Partners receives a gift.
- You can also bequeath the assets that remain after other bequests are met. Your estate receives the benefit of freedom from federal estate taxes for the full value of the gift.
If your life changes, you can alter a bequest at any time by signing a new will or amending your will or trust.
Retirement Plan Assets
Assets you hold in individual retirement accounts, such as IRA's or Keoghs, can be bequeathed to Dynamic Partners. The advantage of bequeathing such retirement assets to a charitable institution is that the legacy escapes both deferred income tax and estate tax that come due if the assets are transferred to individuals.
Please contact Lois Linth at 253.216.0774 with any questions or for help to set up a Legacy gift.