GUIDE TO PLANNING
When you remember BTCF in your will, you may reduce your estate taxes while
supporting your community. You may give a specific dollar amount, property
or a percentage of your estate. You may also give a remainder of your
estate after bequests to family and friends. When planning a bequest to
BTCF, be sure to talk with a member of our staff. We will help ensure that
your wishes are clearly understood so that they can be carefully carried
out in the future.
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 Berkshire Taconic Community Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.
SAMPLE BEQUEST LANGUAGE
Here are four examples of language to direct your gift to Berkshire Taconic Community Foundation.
Please note: In accordance with IRS regulations, gifts to the Foundation are tax deductible to the fullest extent of the law, based on the Foundation's 501(c)(3) public charity status under Federal ID #06-1254469.
- PERCENTAGE: "I give to Berkshire Taconic Community Foundation (or name of fund, a fund of Berkshire Taconic Community Foundation), a nonprofit corporation of the State of Connecticut, located at 800 North Main Street, Sheffield, MA, ____% of my estate."
-
SPECIFIC: "I give to Berkshire Taconic Community Foundation (or name
of fund, a fund of Berkshire Taconic Community Foundation), a nonprofit
corporation of the State of Connecticut, located at 800 North Main Street,
Sheffield, MA":
(Choose one)- The sum of $__________.
- ________shares of stock in __________Company, or
- My real property commonly known as___________.
- RESIDUAL: "I give to Berkshire Taconic Community Foundation (or name of fund, a fund of Berkshire Taconic Community Foundation), a nonprofit corporation of the State of Connecticut, located at 800 North Main Street, Sheffield, MA, all the residue of my estate, including real estate and personal property." *Gifts of real property are subject to BTCF's gift acceptance policy.
- CONTINGENT: "In the event of the death of any of the beneficiaries, I give to Berkshire Taconic Community Foundation (or name of fund, a fund of Berkshire Taconic Community Foundation), a nonprofit corporation of the State of Connecticut, located at 800 North Main Street, Sheffield, MA":, ____. (Percentage, specific, or residual language as above).
To learn more, contact Kelly Sweet,Community Engagement Officer, at
[email protected] or
413-229-0370 x118.
