Bequests

A charitable bequest is one of the easiest ways you can leave a lasting impact. A bequest may be made in your will or trust directing a gift to THE NATIONAL POLICY INSTITUTE.

Benefits of Your Bequest

  • Receive estate tax charitable deduction.
  • Lessen the burden of taxes on your family.
  • Leave a lasting legacy.

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift to be made to THE NATIONAL POLICY INSTITUTE as part of your estate plan.

Options

A bequest may be made in several ways:

  • Gift of a percentage of your estate
  • Gift of a specific dollar amount or asset
  • Gift from the balance or residue of your estate
  • Making a Bequest of Your Retirement Assets

Making a Bequest of Your Retirement Assets

A retirement asset, such as an IRA account, makes an excellent bequest to us. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating The Heritage Foundation as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.

Language

An example of proper language for a bequest is as follows:

I give, devise and bequeath to The National Policy Institute, tax ID number 52-1259838, PO Box 1676 / Whitefish, MT 59937 [insert dollar amount, percentage of estate, or describe property] to be used for its educational purposes.


The National Policy Institute, which is classified as a Section 501 (c) (3) organization under the Internal Revenue Code. Individuals, foundations, corporations, and associations may support the educational work of NPI through tax-deductible gifts.

The National Policy Institute does not rent, sell, or publicize its contributor lists.