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Making a Gift Through Your Will

Posted on: February 18th, 2014 by tgerring No Comments
planned_giving

February 18, 2014

Ave Maria Radio relies on private donations from supporters like you to assist in the work of the New Evangelization. That’s why the law permits a 100% charitable estate tax deduction when you make a bequest to us in your will.

How To Give Through Your Will

Specific Amount – You can name a specific amount to give to Ave Maria. Your gift can consist of cash, securities, real or personal property – anything from land to jewelry to an art collection.

Percentage – You can name a percentage of your estate as a gift. The size of your estate may change from the time you make your will and the time of your death, so giving a percentage may be more beneficial than giving a specific amount.

It’s easy to set up a bequest gift through your will. You may make a bequest to Ave Maria by including the following language in your will.

  • “I give and devise to Ave Maria Communications all (or you may state an exact amount or a percentage) of the rest, residue and remainder of my estate, both real and personal, to be held, administered, and used by the Board of Directors for the unrestricted support of Ave Maria Communications.”

The method you choose to make your gift should be designed so that you and your heirs can reap the greatest benefits. Some of your options include:

  • Residuary Gifts – Take care of your loved ones first. After all of their needs are met, give the rest (residue) of your estate to Ave Maria Communications.
  • Contingency Gifts – Name a primary recipient of your estate, such as your spouse, and name Ave Maria Communications as secondary beneficiary. If your spouse does not survive you, AMC receives your estate, avoiding the possibility that it will be distributed in an arbitrary fashion by the state in which you reside. You may also name any number of direct beneficiaries to your estate and name the Law School as the final contingent beneficiary. If the other beneficiaries do not survive you, your estate passes to Ave Maria Communications. Without this protection, the government could inherit your estate in the absence of other heirs.
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