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Charitable Bequest

An excellent way for you to support your church or other ministries and missions is by making a bequest to United Methodist Foundation of West Virginia in your will or living trust. You can have a separate agreement with us that gives us instructions on how to make distributions to the church and other charities you want to support. A significant benefit of making a gift by bequest is that it doesn't take effect until you die. You continue to use the property during your life, and at your death you leave a lasting legacy.

Charitable Bequest
Property
Donor's Family
UMFWV
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Benefits of a bequest

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

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 United Methodist Foundation of West Virginia as part of your estate plan, or you can make a bequest using a beneficiary designation form.

How to leave a bequest to The Foundation

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

A bequest may be made in several ways

  • Percentage bequest - make a gift of a percentage of your estate
  • Specific bequest - make a gift of a specific dollar amount or a specific asset
  • Residual bequest - make a gift from the balance or residue of your estate
Click here to review sample bequest language.

How a bequest funds ministry

As you begin to work with your estate planner to create your bequest, contact us. We can work with you to facilitate the details of the gift including the creation of an Agreement with the Foundation that will provide us with instructions regarding how your bequest will fund an endowment to support the ministry you choose.

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 United Methodist Foundation of West Virginia 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.

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