Glossary: Charitable Bequest

A charitable bequest is a provision in a will or trust designating that certain assets be given to a charity.

It allows individuals to support causes they care about as part of their estate planning.

What a charitable bequest does

A charitable bequest provides a structured way to donate assets after death.

It allows you to:

• allocate part of your estate to a charity
• support causes or organizations long-term
• include philanthropy in your estate plan

Why a charitable bequest is important

A charitable bequest enables lasting impact beyond one’s lifetime.

Without it:

• charitable intentions may not be formally documented
• assets may be distributed only among private beneficiaries

With a charitable bequest:

• support for meaningful causes is ensured
• your values are reflected in your estate
• giving becomes part of your legacy

What a charitable bequest includes

A charitable bequest may include:

• a specific amount of money
• a percentage of the estate
• particular assets (e.g. property or investments)
• designation of one or more charities

It is defined within a legal document such as a will or trust.

What a charitable bequest does NOT do

A charitable bequest does not:

• take effect during your lifetime
• replace direct donations or memorial donations
• function outside legal estate documents

It is part of a formal estate plan.

When to include a charitable bequest

A charitable bequest is typically included:

• when creating or updating a will
• as part of broader estate planning
• when long-term charitable giving is desired

Common misunderstandings

Some common misconceptions include:

• assuming it requires large wealth
• confusing it with lifetime donations
• not specifying the charity clearly

Clarity in the document is essential.

Related concepts

• Last Will and Testament
• Trust
• Memorial Donation
• Estate Planning

Practical note

A charitable bequest should be clearly defined to ensure that the intended organization and assets are correctly identified.