Make A Bequest In Your Will
Learn more about a will bequest to Volunteers of America via email or call (504) 482-2130.
How
To Make A Bequest
You can make a will bequest to Volunteers of America that enable you to leave a valuable legacy.
Remembering Volunteers of America in your will, or through other forms of estate planning, is charitable giving that truly makes a difference. You can help create a better world for your children and grandchildren and support causes you hold dear.
The most practical way to make significant gifts may be through your estate plan, by means of a will, living trust or beneficiary designation on a life insurance policy or retirement account. Such charitable gifts are wholly revocable while you are alive and may save significant taxes for your estate.
Wills And Living Trusts
A bequest is the most traditional way to provide significant help for worthwhile causes. With a gift through your will or living trust, you keep full use of your gift assets during your life. Some bequest language you can share with your adviser is below.
How To Receive A Tax Deduction From Your Bequest
You can structure a charitable bequest in ways that will be both personally satisfying and tax advantageous. Charitable bequests take many forms:
Outright (specific) bequest This is a gift of a particular amount of money or item of property (for example: "I bequeath $25,000.").
Residuary bequest The residue of an estate is the amount remaining after all specific bequests have been distributed; the exact amount will not be known until the final accounting is completed. The residue may pass as a percentage bequest ( "I give one-third of the residue of my estate.").
Contingent bequests You can name a secondary beneficiary to receive property in the event the primary beneficiary is not alive (for example: "I bequeath $10,000 to my father, but if he has predeceased me, I direct the $10,000 be paid to . . . ").
Because each state may have special requirements for
creating a valid will, you should consult with your legal advisor to
ensure your will is in compliance with all laws.
Sample Bequest Language
To Bequest a Specific Amount ($) or Percentage (%)
"I bequeath [the sum of $_____; OR the percentage of _____%] to Volunteers of America of Greater New Orleans, or its successor in interest, to be used in such manner as the Board of Directors shall, in its sole discretion, determine. If Volunteers of America Greater New Orleans, or its successor in interest, does not exist at the time of my death, this bequest shall lapse and become a part of the residuary of my estate."
To Make A (Unrestricted) Residuary Bequest
This statement would come after the donor's bequests to family or other beneficiaries.
"I give, devise and bequeath to Volunteers of America of Greater New Orleans, or its successor in interest, all of the rest, residue and remainder of my estate, to be used in such manner as the Board of Directors shall, in its sole discretion, determine. If Volunteers of America of Greater New Orleans, or its successor in interest, does not exist at the time of my death, this gift shall lapse and I give, devise and bequeath the rest, residue and remainder of my estate to my heirs at law."
Volunteers of America Greater New Orleans is
a non-profit human service organization that helps more than 63,000
people in need each year throughout 16 parishes in southeast Louisiana.
You can help by donating your vehicle, stocks and mutual funds, and insurance, or making a planned gift or volunteering your time. Sign up today to learn more about our programs and services.
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Volunteers of America serves these locations:
New Orleans 70112 70115 70116 70118 70119 70125 70130, Jefferson 70001 70002 70003 70005 70006 70123 70065, St. Tammany 70448 70420 70452 70460 70433, St Bernard 70032 70043 70044 70075 70085, Washington 70438 70427 70422, St. James 70086 70763 70086, St. Charles 70080 70030 70090, St. John 70084 70049 70051 70076, Tangipahoa 70401 70402 70403 70404, Plaquemines 70040 70037 70093 70082, Terrebonne 70397 70363 70353, LaFourche 70345 70354 70357 70345, St. Mary 70340 70514 70380, Assumption 70341 70341 70372, Livingston 70706 70727 70726, St. Helena 70441 70453