How will you be remembered? Investing in the future of our community through estate gifts to the GSBA Scholarship Fund allows us to continue what we are doing today well into the future. Many donors have shown their commitment to tomorrow’s LGBTQ and allied leaders through bequests in their wills.
Creating a legacy through estate planning may be easier than you think. We would love to talk with you about the ways to leave as lasting legacy that both honors your values and supports generations to come. For more information on including GSBA in your will or estate plan, please contact Mark Rosén
, Director of Programs & Fund Development.
If you are meeting with your financial planner or attorney, please see our sample bequest language.
Planned Giving - Using Your Head and Your Heart
by Sara Elward, former Manager of Planned Giving, KCTS9
Whenever you attend the Scholarship Awards Dinner or read a scholar profile in a GSBA publication, do you think, “These scholarship recipients are so amazing. I wish I could do more to support this program?” You can, through a bequest in your will or trust.
Using Your Head
Making a bequest is easy
. If you are creating a will or trust or if you are revising an existing one, you can make a provision for the GSBA Scholarship Fund in one of several ways including a specific bequest, a percentage of your estate or a contingent bequest. You can also consult your attorney about adding a codicil or amendment to an existing will or trust as a way of making such a gift.
Making a bequest is revocable
. You can change your will during your lifetime to reflect your changing circumstances. Making a bequest of a percentage of your estate means that regardless of the
size of the estate, people and organizations like GSBA that have been important in your life, will be part of your legacy.
You retain control of your assets during your lifetime
. Many of us are concerned about outliving our resources. A bequest means that all of our resources are available to us during
our lives. Because the gift is not made until after your death, you eliminate any worry that you are giving away resources you might need.
You may reduce your estate taxes
. If you have a taxable estate (currently anything over $2 million in Washington State and about $5 million for federal taxes), any amount you give to a charitable organization is removed from the taxable estate amount.
Using Your Heart
Like you, I care deeply about creating future LGBT leaders, about the crucial role education plays in creating them and about the message that these scholarships send to the recipients: You are a valuable person with a promising future and we are here to support you. The excitement and gratitude that is expressed by scholar after scholar lets me know that these gifts have impact, now and far into the future, beyond anything I can imagine.
If you would like to create a legacy of caring and hope, please consider a bequest to GSBA. You might want to establish a scholarship or make a gift to the endowment. There are many ways to include GSBA scholarships in your estate, and we will be happy to help you create the legacy you want to leave behind.