Estate Planning
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Explore the many ways you can help meet your financial goals and maximize your philanthropic giving through sound and timely gift planning with the IGHS.
INTERESTED IN MAKING A GIFT?
Contact us about any questions you have or to learn more about how gift and estate planning continue your legacy and IGHS’ mission.
Your inquiry is always confidential.
Leave a Lasting Legacy to Ensure the Continuation of Indiana German Heritage
Are you interested in other ways of supporting IGHS? An excellent way for you to support our mission and the ability of future generations to rediscover their roots and learn about the impact of German-Americans is to leave us a bequest in your will, living trust, or with a codicil.
Bequests are generally revocable, which means they can be changed or modified by you 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 generous gift will be used as intended. One significant benefit is that 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. In addition, it’s a perfect way to create a lasting legacy.
You also can very easily name IGHS as a beneficiary under one or more of your retirement accounts. These include pension accounts, profit sharing accounts and IRA accounts. Once again, certain tax benefits may apply.
TYPES OF BEQUESTS
There are a number of ways you can make a bequest to IGHS.
- Specific Bequest: A specific bequest involves making a gift of a specific asset such as a specific dollar amount or shares. For example, you may wish to leave 1000 shares or $10,000 to IGHS.
- 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 IGHS.
- 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 IGHS.
- 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 money or specific property, such as a beach house, to a relative, but the bequest language could define that if the relative is not alive at the time of your death, the money or the beach house will go to IGHS.
Legal name and EIN:
Indiana German Heritage Society
Federal Tax ID: 35-1623553
Please contact Al Hirt at mahirt@msn.com if you have any questions about how to make a bequest to IGHS or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.