A testamentary gift or a planned gift from your will is a simple designation and will not affect your cash flow during your lifetime. It’s easy to revoke if your situation changes. This is a good option for donors who want to ensure MVLS’ future viability and strength, long-term planning is more important than an immediate income-tax deduction, or you want the flexibility of a gift commitment that doesn’t impact current cash flow.
How It Works
• Include a bequest to MVLS in your will or trust. (Sample bequest language)
• Make your bequest unrestricted or direct it to a specific purpose.
• Indicate a specific amount, or a percentage of the balance remaining in your estate or trust.
• Your assets remain in your control during your lifetime.
• You can modify your bequest to address changing circumstances.
• You can direct your bequest to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
• Under current tax law there is no upper limit on the estate tax deduction for your charitable bequests.
If you are interested in learning more about how you can support MVLS with a testamentary gift please contact Susan Francis at email@example.com or 443-451-4084 and Cara Schaefer at firstname.lastname@example.org or 443-451-4090.