(719) 530-2200

Bequests in your Will

Some donors find that the best way they can help the HRRMC Foundation is by making a bequest in their will. There are three different kinds of bequests:

  • Specific Bequest- You designate a particular property (such as shares of stock), dollar amount, or percentage of your estate to be transferred to the HRRMC Foundation.
  • Residual Bequest- You designate all or a portion of your remaining (residuary) estate to be transferred to the HRRMC Foundation, only after all other beneficiaries (including debts, taxes, and other expenses) have been paid.
  • Contingent Bequest- You designate all or a portion of your estate to be transferred to the HRRMC Foundation only if a named beneficiary predeceases you.

Charitable Gift Annuities

Charitable Gift Annuities (CGAs) are life income gifts: you transfer assets now, receiving a charitable deduction for a portion of the transfer, and you or a beneficiary receives income for the rest of your life or a fixed period of time. Both the HRRMC Foundation and you can benefit from life income gifts.