Here’s how you can leave a philanthropic legacy to benefit an organization you care about.
A charitable bequest is a note in your will that designates part of your estate, money or property, to go to charity after your death. It’s a way to continue supporting Opulent Philanthropy even after you’re gone, as well as to leave a legacy of philanthropy. Whether you have a large estate or a small one, here’s how you can make a charitable bequest to benefit an organization you care about — and why you should.
The biggest benefit is avoiding capital gains tax. Most of your donors with high-value cryptocurrency purchased it for pennies or fractions of pennies. If they sold their bitcoin, they would owe tax on the difference between the market value and their purchase price. By giving it to your nonprofit, a donor can support your cause and avoid the capital gains tax.
Better yet, a charitable bequest can help you save estate taxes by providing your estate with a charitable deduction for the value of the gift.
With careful planning, your family can also avoid paying income taxes on the assets they receive from your estate. A bequest is one of the easiest gifts to make.
Your gifts can help Opulent Philanthropy Inc., achieve its mission.
My (our) deferred gift will take the form of:
Certainly, traditional charities are excellent choices to which to make a charitable bequest. If you support or admire our organization for doing good work for disasters, education, homelessness or cancer, you can make a charitable bequest to Opulent Philanthropy Inc., and your gift or donation will surely be appreciated.
Make sure it’s up to date. Life changes such as the following should trigger a review of your will:
Contact your estate planning attorney to make any changes.
You don’t need to create a new will. Simply ask your attorney to prepare a codicil, a document that amends your original will. This is a common way to make minor changes.
Together, we are saving lives and creating a better future for others.
To discuss how your future gift can support: Disasters, Homelessness, Education and Cancer please contact: Ron Dewitt/ CEO/ Opulent Philanthropy Inc. 501 (c) (3) Non- Profit Organization EIN 45-3088713
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