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 info [at] populareconomics [dot] org