PLANNED GIVING
Whether supported through an outright or planned gift, all of the ministry at Sunday Breakfast Mission is made possible through charitable support, volunteer involvement and a compassionate staff that is called to serve the hurting in our community. The most common planned gift is the bequest.
A gift by bequest is accomplished by naming Sunday Breakfast Mission in your will. The federal government encourages this type of giving by allowing an unlimited estate tax charitable deduction.
To make a bequest to Sunday Breakfast Mission, the following language may be helpful to your lawyer:
I give, devise, and bequeath to Sunday Breakfast Mission the sum of $__________ (or otherwise describe the gift or specify a percentage of the estate.)
There are three ways you can make a bequest:
The Specific Bequest
In this case you simply designate a specific dollar amount or percentage of your estate to Sunday Breakfast Mission.
The Residual Bequest
Your estate first pays all debts, taxes, expenses and specific bequests with the remaining amount or residue transferred to Sunday Breakfast Mission.
The Contingent Bequest
You can ask that Sunday Breakfast Mission receive all or a portion of your estate under certain circumstances. For example, you can name Sunday Breakfast Mission as a beneficiary of your estate only if there are no surviving close family members.
For more information please feel free to contact Rev. Thomas Laymon at 1-302-652-8314 Ext.103 or tlaymon@sundaybreakfastmission.org.
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