HOW TO INCLUDE THE AMERICAN RED CROSS
OF RHODE ISLAND IN YOUR WILL
Many of our supporters make charitable gifts by
naming the American Red Cross of Rhode Island as a beneficiary in their wills. The federal government encourages these gifts or bequests, by allowing an unlimited estate tax charitable deduction.
To make a bequest to the American Red Cross, of
Rhode Island, the following language will be helpful to your lawyer:
I give, devise, and bequeath to the American Red Cross for the benefit of the Rhode Island Chapter the sum of $_____ (or otherwise describe the gift or
specify a percentage of the estate).
THREE WAYS TO MAKE A BEQUEST
- Specific Bequest
You designate a specific dollar amount, specific percentage, or specific
property to the American Red Cross of Rhode Island.
- Residual Bequest
Your estate will pay all debts, taxes, expenses, and specific bequests. The
remaining amount -- the residue -- will be transferred to the American Red Cross of Rhode Island.
- Contingent Bequest
You can ask that the American Red Cross of Rhode Island receive all or a
portion of your estate only under certain circumstances. For example, you can name the American Red Cross of Rhode Island as a beneficiary of your
estate only if there are no surviving close family members. Childless couples sometimes provide for the entire estate to go to the surviving spouse, or if
the spouse does not survive, to the American Red Cross of Rhode Island.
When you are a planned gift donor, the Red Cross will honor you with membership in
the Legacy Society. If you have already made a plan to give to the Red Cross in your will or estate plan, please contact us to let us know. We realize that with your
special gift, you consider us to be part of your family, and we want to do our best to keep you informed as to how your gift will be used and to give you the opportunity to tell us of your wishes.
For more information, please contact Kristin Wieber Naragon, Chief Philanthropy Officer, at [email protected] or call 401-831-7700 x106.