A simple way to make a gift to CPE is through your will or living trust by a bequest. You can name CPE as the direct beneficiary of a stated amount of money or a stated percentage of your estate. You can also designate CPE to receive all or a portion of the remainder of the estate once all specific bequests have been satisfied. You may even designate CPE as a contingent beneficiary in the event that family members or other beneficiaries do not survive you.
These special ways of giving offer several benefits to donors. Bequests offer a flexible way to provide a charitable gift from your estate. A life income gift provides income for life while reducing your estate and income taxes, and often avoiding capital gains taxes. A charitable lead trust offers you an opportunity to pass property to heirs at a reduced transfer cost. And, by including CPE as a beneficiary of a financial, retirement, or insurance plan, you are able to pass on income you don’t need during your life.
Here is sample language that can be used to provide a bequest:
“I give, devise, and bequeath to the Center for Popular Economics, a charitable organization whose national headquarters is located in Amherst, Massachusetts, (the sum of $____); (___ percent of my estate); (the following property: _______); or (the rest, residue, and remainder of my estate).”
CPE’s tax identification number is 04-2668776.
If you have already provided for CPE in your estate plans, please let us know so that we may recognize your generosity.
For more information, please contact Lynn Martin by phone at 617-513-9247 or by email at Ldmartin.cgc {at} gmail(.)com.
