A legacy gift or bequest is a donation included in a Will that takes effect at death. You may make a bequest to nonprofit organizations like the Fisher Center for Alzheimer’s Research Foundation by either executing a new will or amending an already existing will. As with other forms of charitable gifts, you may specify how your bequest will be used by the Fisher Center Foundation. The entire amount of a bequest to the Fisher Center Foundation qualifies for an estate tax charitable deduction.

Bequests to the Fisher Center for Alzheimer’s Research Foundation may be specific, residual or contingent. We are a 501(c)(3) not-for-profit corporation located in New York, NY, and your legacy gift planning professional will be able to help you tailor the approach that is best suited to your goals.

A “specific bequest” refers to the donation of a specified amount or fractional portion of money or property to the Fisher Center Foundation.

A “residual bequest” refers to the donation of all or part of the remainder of your estate after all other beneficiaries under your Will, debts, and expenses have been paid.

A “contingent bequest” refers to the donation of all or part of your estate to the Fisher Center Foundation only if one or more named beneficiaries predecease you or otherwise becomes ineligible for the gift.

All of the foregoing approaches can also be incorporated into a “living trust” (also known as a revocable trust).

Please consult your attorney or financial advisor when considering your legacy gift options.