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Impact the future through
gift planning

With gift planning, you can provide long-lasting impact for your church or favorite ministry while enjoying financial benefits for yourself.

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Giving Home > How to Give > Bequest

Bequest

A bequest is a gift you can make to support your church or favorite ministries through the Oklahoma Methodist Foundation in your will or living trust.

A bequest allows you to continue to use the property you will leave to your church during your life and make a lasting impact after you are gone.

Benefits of a bequest

  • Receive an estate tax charitable deduction
  • Reduce the burden of taxes on your family
  • Leave a lasting legacy to your church

Charitable bequest video

How a bequest works

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Oklahoma Methodist Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Here are some of the ways to leave a bequest to Oklahoma Methodist Foundation

  • Include a bequest to Oklahoma Methodist Foundation in your will or revocable trust
  • Designate Oklahoma Methodist Foundation as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
  • Name Oklahoma Methodist Foundation as a beneficiary of your life insurance policy

A bequest may be made in several ways

  • Specific Bequest - A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Oklahoma Methodist Foundation.
  • Percentage Bequest - Another kind of bequest involves leaving a specific percentage of your overall estate to our organization. For example, you may wish to leave 10% of your estate to Oklahoma Methodist Foundation.
  • Residual Bequest - A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to our organization. For example, you may wish to leave 30% of the residue of your estate to Oklahoma Methodist Foundation.

Review sample bequest language

Contact Us

If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to Oklahoma Methodist Foundation as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.