Creating A
Charitable Legacy The Easy Way
Charitable bequests are the most popular and easiest way
to create a charitable legacy. Bequests can be used by
individuals from all income levels and circumstances to
support the causes they care most about. A number
of donors have used bequests to establish or supplement
endowments of the "Scottish Rite Foundation of
Washington", thereby leaving a lasting legacy
from themselves and their families.
Advantages of Making a Charitable Bequest
Bequests do not reduce current
assets, but still allow you make a significant gift.
Bequests allow you to remain anonymous if you
so choose.
Bequests allow you to distribute assets to
charity by specifying:
- A dollar amount; or
- A percentage of an estate
Bequests can be modified or canceled by
drafting a new will or by creating a codicil for an
old one.
Bequests can benefit one or more charitable
organizations.
Bequests may also reduce estate taxes.
Bequests can be used with other types of planned
gifts, such as a charitable trust, to accommodate
certain estate planning situations.
Naming a Charitable Organization as Beneficiary of a
Retirement plan: People can accumulate substantial
assets in an IRA or other retirement plan. Because
these assets can be subject to double taxation, estate
planning advisors counsel using retirement plans for
charitable contributions and leaving other assets to
your loved ones. This maximizes the impact of what you
pass on to both your heirs and to charity.
Gifts of Life Insurance:
Insurance policies that are no longer needed to protect
family members can be contributed to charity. You can
re-designate an existing policy or purchase a new one
and name the Scottish Rite
Foundation of Washington" as owner and
beneficiary.
For further information, please contact:
You may also mail us for more information. Send
mail to:
The Scottish Rite Foundation of
Washington
1207 North 152nd St.
Shoreline, WA 98133
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