gift planning

PLANNED GIFTS

ENDOWMENT GIFTS

Bequests

A bequest is the easiest and most common way to make a planned gift. It can be as simple as including Chautauqua in your will either as a percentage of your estate or for a specific dollar amount. You can also bequeath tangible personal property. The great advantage of a bequest is that you don’t have to part with any of your assets during your lifetime. In addition, you may eliminate or reduce federal estate taxes.

A bequest can be made in one of the following ways:

Specific Bequest: Name Chautauqua Foundation, Inc. as a beneficiary of your estate.
Residuary Bequest: Once all estate obligations have been satisfied, i.e., taxes, debts, expenses, as well as other bequests, what remains is given to Chautauqua.
Contingent Bequest: This type of bequest is conditioned on the occurrence of an event, i.e., one or more of your beneficiaries predecease you, in which case, Chautauqua becomes the beneficiary.

The following language may be helpful when arranging a bequest to Chautauqua:

Our legal name: Chautauqua Foundation, Inc.

I give ($______ ) (or a specific asset such as securities, real estate or other property), or (___ percent) of the rest, residue and remainder of my estate to Chautauqua Foundation, Inc., in Chautauqua, New York, for its general support of Chautauqua Institution.

By making a bequest to Chautauqua, you are entitled to become a member of the Eleanor B. Daugherty Society.

For more information on how you can make a bequest to Chautauqua, contact:

Karen Blozie
Director of Gift Planning
P.O. Box 28
Chautauqua, New York 14722
(716) 357-6244
kblozie@ciweb.org

* Please note that any type of planned gift you are considering should be discussed with your own professional advisors.

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Bequests