Gifts of Securities in Your Will or Trust: Getting Started

If you've thought about making a gift to the PKD Foundation but aren't ready to give up your assets today, consider leaving a gift of securities to us after your lifetime through your will or revocable living trust.

This method—called a bequest—allows you the flexibility to change your mind at any time since your gift isn't actually complete until after your lifetime. Plus, if your estate will be subject to estate taxes, this gift entitles your estate to a federal estate tax charitable deduction for the full value of the property, reducing any estate taxes owed upon death.

How It Works
As mentioned, you can give the property to us through your will or revocable living trust.

The official legal bequest language for the PKD Foundation is: "I [name], of [city, state, ZIP], give, devise and bequeath to the PKD Foundation, 8330 Ward Parkway, Suite 510, Kansas City, MO 64114-2027, Federal Tax Identification Number #43-1266906, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose. I instruct that all of my charitable gifts shall be made, to the extent possible, from property that constitutes ‘income in respect to a decedent’ as that term is defined in the Internal Revenue Code."

How You Benefit
Making a bequest of securities offers these benefits:
  • Simplicity. Just a few sentences in your will or trust are all that is needed to complete your gift.
  • Control. You remain in control of your securities during your lifetime.
  • Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
  • Tax relief. The gift entitles your estate to a charitable estate tax deduction, reducing the amount of federal estate taxes your estate may owe the IRS.


Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.


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