Legacy Gifts
How will you be remembered? You can't take any earthly treasures with you to heaven, but you can take steps now to ensure that your resources will be used for God's kingdom, long after you are gone. We have listed some of the common types here.
General Bequest
You may designate a specific dollar amount or percentage of your estate to be given to SBRM in your will or trust. For example, "I give and bequeath the sum of $25,000 to Sunday Breakfast Rescue Mission."
Residuary Bequest
In your will or trust, you designate where the remainder of your estate will go after all other bequests, debts and taxes have been paid. You can designate SBRM as beneficiary of all or a portion of your residual estate. For example, "I give and bequeath 15% of my residuary estate to Sunday Breakfast Rescue Mission," or "I give and bequeath the residue of my real and personal estate to Sunday Breakfast Rescue Mission."
Specific Bequest
You may designate that a specific item, such as personal belongings, real estate or a certain stock be given to a beneficiary. For example, "I give and bequeath 100 shares of XYZ stock to Sunday Breakfast Rescue Mission," or "I give and bequeath my piano to Sunday Breakfast Rescue Mission."
Contingent Bequest
You may set certain conditions that must be met before distribution to the beneficiary. For example, you may designate NYU Medical Center as a beneficiary if your spouse or other heir or legatee predeceases you. "I give the rest, residue and remainder to my spouse. If he/she predeceases me, then I give the rest, residue and remainder to Sunday Breakfast Rescue Mission."
Please consider remembering Sunday Breakfast Rescue Mission in your will and estate plans. A typical bequest can be handled through the attorney that prepares your will. If you are interested in other options, we would be happy to meet with you and discuss ways to make a charitable impact that can also have great tax benefits for your heirs.
Have you already included Sunday Breakfast Rescue Mission in your will? Please let us know so that we may thank you.
Contact:
Erica Bucey, Director of Development
(215) 922-6400 x109
ebucey@sundaybreakfast.org
