Ask Karen
Karen Ecker Kratz Answers Your Questions About Planned Giving
Question:
A friend of mine recently suggested that I leave a bequest to charity. I would love to help a worthy cause, but I’m not wealthy. Aren’t bequests just for rich people?
Answer:
Actually, many grateful families, friends and former patients have included both big and small charitable gifts to Cincinnati Children’s as part of their final plans. Some make a provision in their will or trust (called a bequest), while others name Cincinnati Children’s as a beneficiary of their life insurance or retirement plan assets.
Practically speaking, there are tax benefits when you make a planned gift, depending on the type you choose. For many people, though, the best thing about leaving a bequest to Cincinnati Children’s is knowing that you’re helping future generations of kids get the best possible care. Few things are more meaningful than helping sick children get well.
So, here’s the bottom line: You don’t have to be rich to leave a lasting legacy of hope and healing. You just have to have a vision and act on it. Your legacy is in your hands.
