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Planned Giving

Bequest Language

Thank you for your interest in helping Compassion International release children from poverty in Jesus' name by including a charitable bequest in your will or living trust! 

Below are examples of bequest language to assist you and your professional advisors.  They should not replace the counsel of tax, legal, or estate planning advisors. Because the below examples are of a general nature and are not intended as legal advice, you should contact the appropriate professionals to create or amend any necessary legal documents.

1. Bequest Language Examples – Specific Dollar Amount or Percentage Bequest

I hereby give, devise, and bequeath to Compassion International, Inc., a Illinois nonprofit corporation with its principal offices at 12290 Voyager Parkway, Colorado Springs, CO 80921-3668, Federal Tax ID Number: 36-2423707, (the sum of $____) or (____ percent (___%) of my total estate determined as of the date of my death), to be used for Compassion International's general use and purpose.

2. Bequest Language Example to Continue your Child Sponsorship

I hereby give, devise, and bequeath to Compassion International, Inc., a Illinois nonprofit corporation with its principal offices at 12290 Voyager Parkway, Colorado Springs, CO 80921-3668, Federal Tax ID Number: 36-2423707, (the sum of $____) or (____ percent (___%) of my total estate determined as of the date of my death) first to continue my support for the child(ren) I am sponsoring at the time of my death. Support shall continue for as long as the child(ren) is(are) in the Compassion International Child Sponsorship Program. Upon the condition that I have no child sponsorships at the time of my death or upon the termination of the sponsorship obligation, all remaining funds shall be distributed to the Unsponsored Child Reserve Fund or similar fund as determined by Compassion International in its sole discretion to provide for other children in need.

3. Bequest of Specific Personal Property Example

I hereby give, devise, and bequeath (Description of Personal Property) to Compassion International, Inc., a Illinois nonprofit corporation with its principal offices at 12290 Voyager Parkway, Colorado Springs, CO 80921-3668, Federal Tax ID Number: 36-2423707, to be used for Compassion International's general use and purpose.

4. Bequest of Specific Real Estate Example

I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at (Address or Description of Property) to Compassion International, Inc., a Illinois nonprofit corporation with its principal offices at 12290 Voyager Parkway, Colorado Springs,

CO 80921-3668, Federal Tax ID Number: 36-2423707, to be used for Compassion International's general use and purpose.

5. Residual Bequest Example

I hereby give, devise and bequeath to Compassion International, Inc., a Illinois nonprofit corporation with its principal offices at 12290 Voyager Parkway, Colorado Springs, CO 80921-3668, Federal Tax ID Number: 36-2423707,  (All or ____ percent (___%)) of the rest, residue and remainder of my estate to be used for Compassion International's general use and purpose.

6. Contingent Bequest

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath (Description of Property) to Compassion International, Inc., a Illinois nonprofit corporation with its principal offices at 12290 Voyager Parkway, Colorado Springs, CO 80921-3668, Federal Tax ID Number: 36-2423707, to be used for Compassion International's general use and purpose.

7. Bequest Language Example for a Restricted Bequest

I hereby give, devise, and bequeath to Compassion International, Inc., a Illinois nonprofit corporation with its principal offices at 12290 Voyager Parkway, Colorado Springs, CO 80921-3668, Federal Tax ID Number: 36-2423707, (the sum of $____) or (____ percent (___%) of my total estate determined as of the date of my death,) to be used for the purposes I have designated in writing and delivered to Compassion International, Inc. If, in Compassion International, Inc.'s opinion, the need for funds for the designated purpose no longer exists or it shall become impossible for Compassion International to use this bequest to accomplish the specific purposes of this bequest, Compassion International is authorized to use these funds and income of this gift for a similar use and purpose as Compassion International determines is most related to the restricted purpose of my bequest.

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Gift Planning

Every child who participates in a Compassion program is given the opportunity to learn about Jesus and discover how to develop a lifelong relationship with God.

 

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A charitable bequest is one or two sentences in your will or living trust that leave to Compassion International a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Compassion International [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Compassion or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Compassion as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Compassion as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Compassion where you agree to make a gift to Compassion and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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