A bequest is a provision in a will or estate plan that designates a specific asset, sum of money, or percentage of an estate to be transferred to a particular beneficiary after the donor's death. When the beneficiary is a nonprofit organization, this act is often referred to as a charitable bequest.
Individuals passionate about children, education and the community may want to ensure the Harvard Community Education Foundation's sustainability and impact in the future through a bequest.
Benefits of Making a Bequest to the HCEF:
- Legacy Creation: Ensures that the donor’s values and passions continue to make an impact.
- Tax Benefits: Can reduce estate taxes, potentially preserving more wealth for other beneficiaries.
- Simplicity: Easy to arrange through a will or trust, with the ability to adjust the bequest as circumstances change.
- Recognition: The HCEF will honor bequest donors in numerous forms of acknowledgement.
By making a bequest, individuals can contribute significantly to the longevity and financial stability of the HCEF, ensuring our mission continues well into the future.