A bequest is a gift by will or revocable living trust. This is an excellent choice if you want to support The Trudeau Institute in the future, but wish to maintain liquidity and use of your assets during your lifetime. A bequest is flexible; you can adjust the terms of your gift after it is established. The full amount of your gift is deductible from your taxable estate.
The three most common bequests are specific, general, and residuary.
In a specific bequest, you name a particular item such as a piece of real estate or a block of securities that you wish to give. In a general bequest, you name the dollar amount you want to give. In a residuary bequest, you give the Institute a percentage of your estate after all specific and general bequests have been met. All bequests are fulfilled only after debts, taxes, and estate expenses have been paid.
A bequest can be unrestricted, enabling the Trudeau Institute to direct your funds where future need is greatest, or restricted for a particular program or purpose at the Institute.
You may wish to direct your bequest gift to an endowed fund which will last in perpetuity. You can establish your own endowed fund which can hold your name or the name of a loved one or you can supplement an existing endowed fund. In endowed funds, the principal is held in perpetuity, with part of the annual earnings generating ongoing support for programs designated by the donor.
Please consider supporting the Trudeau Institute by creating a planned gift today.