There are several ways to leave a legacy. To aid in your decision process, we provide a summary of popular bequests. We, of course, recommend that you seek further advice and assistance in writing or augmenting your will before proceeding.

Outright Bequest
When you think of making a gift to Women's Institute for Freedom of the Press in your will, the outright bequest usually comes to mind first. With such a bequest, you simply direct in your will that your entire interest in certain money or property be transferred to WIFP. Of course, your estate will be entitled to a charitable deduction for the full, fair-market value of your gift.

The following brief descriptions are of the several forms an outright bequest can take.

General Bequest
This is probably the most popular type of charitable bequest. With this type, you simply leave a specified dollar amount to the designated charity, such as Women's Institute for Freedom of the Press. For example, a bequest of $1,000 or $10,000 is a general bequest.

Specific Bequest
A specific bequest is another popular way to benefit a charity. With such a bequest, you designate a specific property that you want a charity to receive. For example, a bequest of a specific stock or a vacation home is a specific bequest.

Residuary Bequest:
A residuary bequest is used to give a charity all-or a portion of-one's property after all debts, taxes, expenses, and other bequests have been paid. For example giving WIFP "the rest of the property that I own at my death" is a residuary bequest. It may augment a general or specific bequest to the charity if the size of the estate allows-after ensuring that other beneficiaries receive their bequests prior to distribution to the charity.

Percentage Bequest
A bequest also can be expressed as a percentage of an estate or residuary estate. For example, a donor might leave Women's Institute for Freedom of the Press fifty percent of the residuary estate. If fortune changes the size of the estate over the years, this bequest will change in the same proportion.

Contingent Bequest
When planning your will, it is important to provide for the situation where a beneficiary dies before you or disclaims the property. To prepare for such an occurrence, consider naming Women's Institute for Freedom of the Press as the contingent beneficiary. This will ensure that the property will pass to the designated charity in one of these situations, rather than to unintended beneficiaries.

Proper Bequest Terminology
"I give, devise, and bequeath to Women's Institute for Freedom of the Press the sum of $______ to be used for its general purposes."
OR
"I give, devise, and bequeath to Women's Institute for Freedom of the Press, for its general purposes, (state the fraction of percentage) of the rest, residue, and remainder of my estate, both real or personal."