Bequest

An excellent way for you to support our mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.

What are the benefits of making a bequest?
You leave a lasting legacy to be remembered
You lessen the burden of taxes on your family
You may receive estate tax savings

Types of Bequests

There are a number of ways you can make a bequest to South Texas Council, Boy scouts of America.

Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to South Texas Council, Boy Scouts of America.

Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to South Texas Council, Boy Scouts of America.

Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to South Texas Council, Boy Scouts of America.

Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to South Texas Council, Boy Scouts of America.

Bequest Benefits

A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

Bequest Language

In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to South Texas Council, Boy Scouts of America  in your estate plan. We have provided some basic bequest language to assist you and your attorney.

Please contact us if you have any questions about how to make a bequest to South Texas Council, Boy Scouts of America or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for the South Texas Council, Boy Scouts of America  in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.  Contact information: Marty Sepulveda, Scout Executive, martin.sepulveda@scouting.or 1-361-816-3825.

IRA Rollover

Congress has enacted a permanent IRA charitable rollover. As a result you can make an IRA rollover gift this year and in future years.

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, an IRA charitable rollover is a way you can help continue our work and benefit this year.

Benefits of an IRA charitable rollover

• Avoid taxes on transfers of up to $100,000 from your IRA to our organization
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further the work and mission of our organization
• How an IRA charitable rollover gift works
• Contact your IRA plan administrator to make a gift from your IRA to us.
• Your IRA funds will be directly transferred to our organization to help continue our important work.
• Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
• Please contact us if you wish for your gift to be used for a specific purpose.

Beneficiary Designation Gifts

You can designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.

A beneficiary designation gift is a simple and affordable way to make a gift to support the South Texas Council, Boy Scouts of America. You can designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.

Benefits of a beneficiary designation gift

• Support the causes that you care about
• Continue to use your account as long as you need to
• Simplify your planning and avoid expensive legal fees
• Reduce the burden of taxes on your family
• Receive an estate tax charitable deduction

How a beneficiary designation gift works
To make your gift, contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent. Ask them to send you a new beneficiary designation form. Complete the form, sign it and mail it back to your broker, banker or agent.

When you pass away, your account or insurance policy will be paid or transferred to South Texas Council, Boy Scouts of America consistent with the beneficiary designation.

Important considerations for your future
If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment or bank account and continue to freely use your account. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.

Other Ways to Give

If you are interested in more information about these other ways to give contact your attorney or Marty Sepulveda, Scout Executive, at martin.sepulveda@scouting.org or 31-361-816-3825.

Gifts of Stocks and Bonds 

Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to our organization.

Gifts of Real Estate

Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to our organization.

Gifts of Cash

A gift of cash is a simple and easy way for you to make a gift.

Charitable Gift Annuity

You transfer your cash or appreciated property to our organization in exchange for our promise to pay you fixed payments (with rates based on your age) for the rest of your life.

Charitable Remainder Unitrust

You transfer your cash or appreciated property to fund a charitable remainder unitrust. The trust sells your property tax free and provides you with income for life or a term of years.

Charitable Remainder Annuity Trust

You transfer your cash or appreciated property to fund a charitable remainder annuity trust. The trust sells your property tax free and provides you with fixed income for life or a term of years.

Charitable Lead Trust

You fund a trust that makes gifts to us for a number of years. Your family receives the trust remainder at substantial tax savings.

Sale and Unitrust

You give a portion of your property to us to fund a charitable remainder trust, when the property sells you receive cash and income for life.

Give It Twice Trust

You provide your children with a stream of income while making a gift to charity.

Life Estate Reserved

You give your property to our organization but retain the right to use the property during your life.

This informational is educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.