Bequests and Outright Gifts

Without question, the most common charitable giving technique is for a Donor (or his Executor) to simply write a check to a worthy charity of their choice.

An outright gift of Cash, Stock, or Real or Personal Property is a simple, direct and effective way of benefiting both the Donor and the recipient organization.

A Bequest, wherein the Donor leaves assets to a qualified organization in their Will or Trust, can be an equally simple and efficient method.

No other technique or plan surpasses these kinds of gifts for simplicity and ease of use.

However, some basic tax code requirements do apply, and it would be an serious mistake to overlook them.

Let’s take a closer look at some of the Advantages and Disadvantages of such charitable giving strategies.

Advantages of Charitable Bequests

Disadvantages of Charitable Bequests