Planned Giving
Build Great Futures
Discover the power of planning
Making a planned gift is a simple, powerful, and long lasting way to
support the Arlington Boys & Girls Club for years to come.
Planned gifts make a significant impact on the lives of young people over an extended period of time while providing certain tax advantages to those making the donation. If you are interested in any of our Planned Giving options, we will be pleased to work with you and your advisors.
Please contact Derek Curran at
(781) 648-1617
X211 or
dcurran@abgclub.org
Simple & Powerful
One of the most common and simplest planned gifts is a bequest via your will or trust.
In Massachusetts, a bequest gift is a provision in a will or trust that directs a specific asset, dollar amount, or percentage of an estate to a beneficiary, including charitable organizations, upon the donor's death.
Here's a breakdown of how it works:
1
Inclusion in a Will or Trust:
- A bequest is typically established through a will or a living trust.
- The document clearly outlines the specific gift and the intended recipient.
- It's wise to consult with an attorney to ensure the language is clear and legally sound.
2
Types of Bequests:
- Specific Bequest: This involves a gift of a particular asset, like a specific sum of money, a piece of property, or shares of stock.
- General Bequest: This typically involves a gift of a specific dollar amount.
- Residuary Bequest: This gift leaves a percentage or the remainder of the estate after all other debts, taxes, and bequests are fulfilled.
3
Tax Implications:
- Charitable bequests can be a strategic way to manage estate taxes in Massachusetts.
- The value of the charitable bequest is generally deductible for estate tax purposes, potentially reducing the taxable estate.
Start the Process
Contact Derek Curran
Contact
SEND DEREK A MESSAGE TO START THE PROCESS & LEARN MORE
