Charitable Bequest
A charitable bequest is a gift made through your will or trust. It is one of the most popular and flexible ways for you to make a gift to help further our mission of Biblical Education. For the World. For Free.
Benefits of a bequest
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to charity
How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends, or Third Millennium Ministries as part of your estate plan, or you can make a bequest using a beneficiary designation form.
Here are some of the ways to leave a bequest to Third Millennium
- Include a bequest to Thirdmill in your will or revocable trust
- Designate Thirdmill as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Thirdmill as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Percentage bequest - make a gift of a percentage of your estate
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Residual bequest - make a gift from the balance or residue of your estate
Contact us
If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to Thirdmill as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.
Beneficiary Designation
A beneficiary designation is the act of naming the person who will inherit an asset in the event of your passing. Examples include financial accounts, retirement accounts, life insurance policies, and trusts.
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