Planned Giving
While the idea of planned giving may seem daunting, we’ve provided brief descriptions for several strategies that aid us in making long term plans for how best to steward Temenos.
Monthly Gift – By giving monthly you provide us a steady stream of year round support.
Tribute gift – Remember someone special by making a gift in their name.
Endowment – When you make an endowed gift with cash, securities, or other assets, only a portion of its income will be spent, allowing the remaining amount to continue growing. That portion of your gift will benefit Temenos for the long term.
Gift of Securities | A gift of publicly listed securities is an innovative and creative way to make a charitable gift. Securities can include stocks, bonds, bills, warrants and mutual funds.
BEQUESTS:
Along with the above options, bequests are a way to include Temenos in your will or in a Living Trust (described below), ensuring that your support continues beyond your death.
Depending on your needs and preferences, there are four types of bequests.
- Specific Bequest: A gift of a dollar amount, piece of property, stock, bond, or work of art.
- General Bequest: A gift of money to a specific beneficiary. Example: You leave $5,000 to your alma mater. If you do not have the cash in the estate, other assets will be sold to meet the bequest.
- Contingent Bequest: A bequest is made on condition that a certain event must occur before distribution to the beneficiary. Example: You leave $2,000 to a favorite charity in the event that, upon your death, your other beneficiaries are no longer living.
- Residuary Bequest: All the “rest, residue, and remainder” of an estate after all other bequests, debts, and taxes have been paid. Example: You divide the remainder of your estate into two parts: 90% to your loved ones and 10% to a designated charity.
LIVING TRUST:
Instead of a traditional will, consider a Living Trust. Like a will it describes your wishes but without the costly and time consuming process of probate.
If you already have a will prepared, your Legal Advisor can prepare a simple document, a codicil, which adds a new bequest while reaffirming the other terms of your will. Your will does not need to be rewritten.
To learn more and plan your gifts to Temenos, contact our Resident Directors Viva Butler and Colin Gasko at 413 367-9779 or at 65mountmineral@gmail.com.