You may wish to consider charitable opportunities that do not affect cash flow during your lifetime. Wills and bequest intentions are only payable upon passing and are made through a legal advisor. A donation through a bequest in your will allows you to maintain control of your assets throughout your life and can name a specific amount or percentage to be given to the Center upon your passing. Bequests are also private because the contents of your will are not made known until death.
What is a bequest?
A bequest is a gift that is made in a will or trust which directs funds to the charity of your choice upon your passing. It is one of the most popular ways to make a gift that will live on after you. A gift made by a bequest can be a specific dollar amount or percentage.
Why give through a bequest?
It does not affect asset or cash flow during one’s lifetime because it is payable upon the donor’s passing. It is revocable meaning that it can be changed at any time. It is private because wills and trusts are not filed or made public until passing.
How do I make a bequest gift?
You should seek the advice of an attorney to create a will or trust or to add language to your existing documents to make the bequest. To make a bequest to the Center in your will or trust, the organization should be named as Lake Erie Nature & Science Center, Tax ID number 34-0845030, located at 28728 Wolf Road, Bay Village, OH 44140.
Please contact us at 440-871-2900 with any questions.