A Legacy of Liberty - Giving as a Bequest

A will is a vital document that protects your family and those you care about. Bequests are provisions in your will or revocable living trust that designate how your assets will be distributed after your lifetime. Charitable bequests can eliminate or reduce federal estate taxes and they are one of the simplest and most flexible ways of giving.

Legacy Giving

Types of Bequest

  • Cash Bequest. You may designate a specific sum of money be given to the Museum in your will or trust.
  • Residuary Bequest. In your will or trust, you may designate where the remainder of your estate will go after all other bequests, debts, and taxes have been paid. You can designate the Museum as beneficiary of all or a portion of your residual estate.
  • Specific Bequest. You may designate that a specific item, such as personal property (real estate, artwork, jewelry, a collection of stamps or coins, etc.) or a certain stock be given to the Museum.
  • Contingent Bequest. This is a bequest made on the condition that a certain event must occur before distribution to the beneficiary. For example, you may designate the Foundation as a beneficiary if your spouse or other heir or legatee predeceases you.
 

Sample Bequest Clause

BEQUEST CLAUSE FOR AN OUTRIGHT GIFT TO THE PATRICK HENRY MEMORIAL FOUNDATION:

I [Name] hereby give, devise and bequeath [the sum of $(dollar amount)] [(percentage) % of my residuary estate]* to the Patrick Henry National Memorial (Federal Employer Identification Number 54-0662892), located at 1250 Red Hill Road, Brookneal, VA 24528, to be used by it in support of the Patrick Henry Memorial Foundation and the Red Hill - Patrick Henry National Memorial, or its successor fund, if any.

If you have already included the Patrick Henry Memorial Foundation in your will, please let us know so that we can honor you now.

Choose to Direct your giving

 

Contact us to Contribute

To learn more about planned giving in support of the Red Hill - Patrick Henry National Memorial call Myra Trent at 434-376-2044 or fill out the contact form.