Even as we continue to make great strides in our work to create a fair and just Utah, there is significant work yet to be done. We have schools to make safer, transgender rights yet to be secured, and public accommodations that need to be made more accessible to and inclusive of our community. Stand by Equality Utah through every step of the way with any of these planned giving ideas. Planned giving involves providing for a future gift to charities through your financial or estate plan. There are many different types of planned gifts and different assets that you can give after you pass.
1. Bequest: A specific or general bequest is one in which you state that you are giving a fixed dollar amount, a specific asset, or a percentage of your estate to the beneficiary upon your death by including language in your will or living trust. For example, you could make a bequest of your car or your appreciated stock. The following is sample language that you could include in your will or living trust (these are only suggestions as to content and should be written or adapted by legal counsel to fit your individual situation):
a. Sample Bequest of Remainder of Estate: "I give, devise, and bequeath to Equality Utah located in Salt Lake City (TAX I.D. #84-1633002), all [or state the fraction or percentage] of the rest, residue, and remainder of my estate, both real and personal.
b. Sample Bequest of Specific Amount: "I give, devise, and bequeath $_____ to Equality Utah located in Salt Lake City (TAX I.D. #84-1633002)."
2. Charitable Remainder Trusts (for the Equality Utah Foundation 501c3): This is a trust that provides for a specified distribution, at least annually, to at least one non-charitable recipient with the remainder of the assets paid to at least one charitable beneficiary. There are different types of Charitable Remainder Trusts that we can help you explore with your legal counsel.
3. Charitable Lead Trusts (for the Equality Utah Foundation 501c3): This is a trust that provides for a specified distribution, at least annually, to a charitable recipient for a set number of years. When the trust terminates, the assets in the trust are distributed to your heirs or others that you designate.
4. Name Equality Utah as the beneficiary of a life insurance policy.