Donors may make gifts to the Foundation through bequests in their wills or testamentary trusts. This requires a simple designation in the document and does not affect cash flow during the donors’ lifetimes. Although there is no tax benefit to making a gift in this manner, donors work with their legal advisors to add specific language to their wills or trusts that designate either a set amount or a percentage be left to the Foundation.
For those considering this option, be sure to include the following within your bequest: Goodwin House Foundation (Tax ID: 54-1549749), a qualified charity under the Internal Revenue Code, Sections 170(c) and 2055(a) as amended, to be used for its general charitable purposes and the Bequest Statement Form.
All donors making gifts through bequests in their wills will be included in the Bishop Chilton Society, the Foundation’s Gift Society for “planned gifts.” Members of the Bishop Chilton Society are included in the Goodwin House Annual Report.