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Bequest

A bequest is a gift you can make to support our mission by designating AFA in your will or living trust with a codicil.

A bequest allows you to continue using the property during your lifetime and then make a lasting impact on our work after you are gone.

Benefits of a bequest

  • Receive an estate tax charitable deduction.
  • Reduce the burden of taxes on your family.
  • Leave a lasting legacy to our organization.

Charitable bequest video

How a bequest works

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends, or AFA Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Here are some of the ways to leave a bequest to AFA Foundation.

  • Include a bequest to AFA Foundation in your will or revocable trust.
  • Designate AFA Foundation as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension).
  • Name AFA Foundation as a beneficiary of your life insurance policy.

Bequests may take different forms.

  • Specific Bequest - A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to AFA Foundation.
  • Percentage Bequest - Another kind of bequest involves leaving a specific percentage of your overall estate to our organization. For example, you may wish to leave 10% of your estate to AFA Foundation.
  • Residual Bequest - A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the estate's residue to our organization. For example, you may wish to leave 30% of the residue of your estate to AFA Foundation.

Review sample bequest language

Contact Us

If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to AFA Foundation as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.