As a supporter of McCrossan Boys Ranch, you demonstrate that you care about our mission. But what happens to your support when you pass on? If you remember McCrossan Boys Ranch in your will or revocable trust you leave a legacy that helps us continue to do work that you value, far into the future.
Why Should You Include a Charitable Gift in Your Will (Or Living Trust)?
- It’s simple to do. It can be as easy as including language stating, “I give $20,000 to McCrossan Boys Ranch”.
- You can change your mind. We won’t receive the gift until after your death. During your lifetime, you can amend anything you choose, i.e., beneficiaries, amounts, etc.
- Tax-wise, it could be beneficial. Gifts to qualified charitable organizations reduce the value of your estate for estate tax purposes.
- It’s an easy way to support McCrossan Boys Ranch, and we’d be grateful for your gift. Bequests of every size build our future financial strength.
How you include a gift in your will or revocable trust depends on what you want to accomplish, and what you want to give to McCrossan Boys Ranch. Here are some options:
- Give a percentage of your estate– the amount left after taxes and expenses are satisfied and specific bequests have been paid; e.g., “I give 25% of the rest, residue, and remainder of my estate to McCrossan Boys Ranch.”
- Make your bequest contingent; e.g., “I give McCrossan Boys Ranch $25,000 if my niece and nephew predecease me.”
- Give a specific dollar amount or item of property;e.g., “I give McCrossan Boys Ranch $25,000”; or “I give McCrossan Boys Ranch 100 shares of IBM stock.”
Besides choosing how your bequest will come to us, you also have a say in how it will be used and acknowledged here:
- Make the gift unrestricted — it will go into our Endowment Fund to build up that permanent funding source for McCrossan Boys Ranch;
- Make the gift restricted, i.e., to support a specific area of interest such as livestock programming, our Sponsor a Child Fund, scholarships or much more;
- Set up a named endowment fund, e.g., the Family Fund for McCrossan Athletics;
- Memorialize or honor a loved one – “This gift is made in memory of my loving husband.”
We can provide the Ranch’s correct legal name, as well as suggested wording for the various bequest types and methods mentioned above. This information can assist your attorney in finalizing your will.
If a gift through your will (or living trust) is of interest, please contact Christy Menning at (605) 339-1203.