Charitable Bequest
A charitable bequest is one of the easiest and most flexible ways to support the TKE Foundation with a planned gift.
Benefits of a bequest
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy on TKE
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 the TKE Foundation or you can make a bequest using a beneficiary designation form.
Through our online bequest tool, you can create a legally valid will in 20 minutes or less at no cost. This resource makes it easier than ever to create a plan, support the causes you care about and protect your loved ones. Start your will online or view our sample bequest language.
Here are some of the ways to leave a bequest to the TKE Foundation
- Include a bequest to the TKE Foundation in your will or revocable trust
- Designate the TKE Foundation as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name the TKE Foundation 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
Contact us
If you have any questions about making a bequest to the TKE Foundation, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to the TKE Foundation as part of your estate plans, fill out this form to let us know. We would like to recognize you and your family for your generosity.
Additional Information
The method used to make a bequest will depend on the kind of gift you choose to leave to the TKE Foundation.
Bequests of real estate, personal property, business interests and cash are typically made by way of a will, revocable trust or even a simple codicil to your current estate plan. Your estate planning attorney can assist you in preparing the necessary papers for you to complete the bequest.
Other bequests, such as those involving retirement assets, insurance policies, bank accounts and stocks and bonds, are typically made by completing the appropriate beneficiary designation form. Simply contact your retirement plan administrator, life insurance company, bank or investment broker and ask them to send you the appropriate "beneficiary designation" or "payable on death" form. To complete your bequest, you will need to complete and sign the form and then send it back to the person who originally sent the form to you.
The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to the TKE Foundation. The full value of this gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.
You can complete these donations with your attorney or use our bequest tool to create a legally valid will or transfer stocks and bonds to our Foundation. Use our online tool to learn more or get started.