Bequests: A Legacy of Hope

By making a bequest, or gift by will, you can give generously to the Glaucoma Research Foundation without reducing your current income.

Charitable bequests are normally deductible in full from estate taxes.

As you review your estate plans, you may come across assets that will generate heavy tax burdens for your family. Such items may be subject to both income taxes and inheritance taxes.

In addition to a gift through your will or trust, there are various ways to support Glaucoma Research Foundation that also take into consideration your personal circumstances and the needs of your heirs.

Types of Bequests

Bequests, designated in your will for Glaucoma Research Foundation, may be structured in several ways.

• A specific bequest is the most common. You leave a specific amount of money, a specific asset, or a specific percentage of your estate to the Glaucoma Research Foundation.

• A residual bequest benefits the Glaucoma Research Foundation only after all debts, expenses, taxes, and other bequests have been paid from your estate.

• A contingent bequest results in a gift from your estate to the Glaucoma Research Foundation only if other beneficiaries cannot accept it. For example "If my child should predecease me then I leave my entire estate to the Glaucoma Research Foundation for the benefit of the unrestricted endowment fund."

Sample Bequest Language (PDF)

For more information about legacy giving and to explore various giving options, please use our interactive tools to assist with your planning.

For further assistance, please contact:
Nancy M. Graydon
Executive Director of Development, Glaucoma Research Foundation
(415) 986-3162, ext. 231