Bequests

Providing for Kanuga in Your Will or Revocable Trust

When you write your will or revocable trust, you acknowledge the people and institutions that mean the most to you. A gift to Kanuga proclaims your confidence that we will continue to pursue our mission and make a difference for good in the world long into the future.

How it works

A bequest is easy to arrange. (See sample text below.) It is not payable until death, so it does not affect the donor's assets or cash flow during life.

It is private — a will need not be filed or made public until death. It is revocable — individuals can change the provisions in their wills at any time.

A bequest can deliver a specific gift ("I bequeath the sum of Five Thousand Dollars to Kanuga Conferences, Inc., for its general purposes.") or a percentage of the balance remaining in the donor's estate after taxes, expenses and specific bequests have been paid — what's known as the residue of the estate ("I bequeath Ten Percent of the residue of my estate to Kanuga Conferences, Inc., for its general purposes.") Generally, giving a percent of the residue allows for more flexibility in long term planning.

A charitable bequest or trust distribution reduces the taxable value of an estate for federal estate tax purposes and is exempt from state inheritance taxes.

Because a bequest likely will not be received by Kanuga until far into the future, its terms should be as general as possible.

SUGGESTED TEXT FOR A BEQUEST

I bequeath Ten Percent of the residue of my estate to Kanuga Conferences, Inc., a nonprofit corporation located in Hendersonville, North Carolina, to be used for its general purposes. Kanuga’s Federal Tax Identification Number is 56-0599223.


For information and assistance with any form of giving to Kanuga, please contact Randy Boone, Kanuga’s director of development, at 828-692-0077, ext. 240, or . Persons considering a sizeable donation to Kanuga or interested in providing for Kanuga in their estate plan should seek the advice of a financial advisor and/or attorney.