PLANNED GIVING


Planned gifts are a thoughtful way for one to remember Meals on Wheels and to provide for its future through careful estate planning.

Your “estate” is the sum of your assets, including property you own, insurance policies, retirement accounts, cash on hand, etc. Wealthy people may have very large estates, but even people who aren’t wealthy often have the resources to make a charitable bequest.

Below are some of the more common kinds of bequests, and some bequest language. Be sure to carefully review the terms of your will with a professional trained in handling trusts and estates.

General Bequests

General bequests are legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the cause of your choice.

General bequest language:

"I give, devise, and bequeath to Meals on Wheels of Central Maryland located at 515 South Haven Street, Baltimore, Maryland, the sum of $________(or a description of the specific asset), for its general purposes."

Residuary Bequests

Residuary bequests are made when you intend to leave the remainder (or a portion) of your assets after other terms of the will have been satisfied.

Residuary bequest language:

"All the rest, residue, and remainder of my estate (or specify a portion), both real and personal, I give to Meals on Wheels of Central Maryland, located at 515 South Haven Street, Baltimore, Maryland, for its general purposes."

Contingency Bequests

Contingency bequests allow you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.

Contingency bequest language:

"I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name of beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to Meals on Wheels of Central Maryland, located at 515 South Haven Street, Baltimore, Maryland, for its general purposes."

Planned Giving can take many other forms:  Charitable Gift Annuities, Charitable Remainder Trusts, Life Insurance, and Charitable Bequests. 

For more information about planned giving opportunities, please contact our Development Office at 443-573-0928.