Wills & Bequests
Wills and bequests are the most common form of planned gift. A donor may leave cash, securities, retirement account assets or property to the Key Center Foundation. Bequests can be designated for a particular purpose, or be unrestricted.
There are several types of bequests:
| Specific Bequest |
Give by will a specific dollar amount or piece of property. (For example: I bequeath to the Key Center Foundation the sum of $10,000.) |
| Residuary Bequest |
Give by will all or a portion of the donor’s assets, after all debts, taxes, expenses, and other bequests have been paid. (For example, I bequeath to the Key Center Foundation 25% of the rest and remainder of my estate.) |
| Contingent Bequest |
Donate assets if the donor’s primary beneficiaries are no longer living. (For example: If John Jones and Jill Jones should predecease me, I give and bequeath my estate to the Key Center Foundation.) |
| Restricted Bequest |
Give an amount to be used for a specific purpose such as to create a named endowment fund ($5,000 minimum), or to a specific program for the developmentally disabled. |
The Key Center Foundation will be pleased to assist potential donors to design a planned gift. Please contact Melissa Walker at (352) 795-5541 ext. 203 or email at kcenter@tampabay.rr.com |
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