A coed Friends school, pre-K to 12, on 47 acres in East Falls, Philadelphia

Breadcrumbs

Bequest

An individual makes a bequest by instructing the distribution of assets such as stocks, bonds, or cash, to individuals or organizations, through the provisions of a will or an estate plan.

If an individual includes a bequest to a charity in their will or estate plan, and the funds are distributed to the qualifying charity, the estate should be able to claim a federal estate tax charitable deduction equal to the amount distributed, provided the estate is subject to estate tax.