Bequests

No matter what your age or wealth, deciding how to bequeath your assets is one of the most important decisions you will make in your lifetime. Your will, the document that specifies your wishes, allows you to make gifts to your family and friends as well as to the charitable organizations you wish to support. Including Continuum of Care, Inc. in your will may allow you to make a more significant contribution than is possible during your lifetime — with the added peace of mind that comes from knowing your estate dollars will have maximum impact in helping people with disabilities.

Through a bequest, you may leave a specific dollar amount, all or a percentage of your residuary estate, or specific assets such as marketable securities. You may also create a testamentary charitable remainder trust in your will, which provides life income to a loved one before the principal reverts to Continuum of Care, Inc.

A bequest to a charitable organization can significantly save on estate taxes. An outright bequest to Continuum of Care, Inc. will pass free of estate taxes and will count as a deduction when calculating your taxable estate.

Any bequest to Continuum of Care, Inc. is deeply appreciated. An unrestricted bequest permits Continuum of Care, Inc. to strategically direct your gift where it's most needed. (However, your bequest may be unrestricted, restricted, or residuary.) While needs change, Continuum of Care, Inc.'s commitment to provide the best programs and services for the individuals we serve is constant and secure. You can rely on that.

Suggested language for use in making an unrestricted gift through a bequest:

You may make a bequest to Continuum of Care, Inc. by preparing a new will or adding a codicil to your existing will. To assure that your specific intentions are carried out, wills and codicils should be prepared by, or with the advice of, your attorney. Should you decide to make a bequest to Continuum of Care, Inc., please let us know so we may include you in our Legacy Society and, with your permission, include your name in future Endowment Fund listings.

To learn more about bequests and planned giving, please contact Continuum of Care, Inc.'s Vice President of Development at 203.562.2264 x236.

WAYS TO SPECIFY A BEQUEST IN YOUR WILL

1. Bequest of cash "I bequeath the sum of $__________ to Continuum of Care Inc., federal tax identification number 06-0836524, 109 Legion Avenue, New Haven, CT 06519."

2. Bequest of a percent of the estate "I devise and bequeath ____% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to Continuum of Care, Inc. Inc., federal tax identification number 06-0836524, 109 Legion Avenue, New Haven, CT 06519."

3. Contingent Bequest "If my brother John Doe survives me, I devise and bequeath ______% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to John Doe. If John Doe does not survive me, then I devise and bequeath _____% of my residuary estate, whether real or personal property and wherever located to Continuum of Care, Inc. Inc., federal tax identification number 06-0836524, 109 Legion Avenue, New Haven, CT 06519."

4. Legal Designation Continuum of Care, Inc. is a 501 (c) 3 Our legal name: Continuum of Care, Inc., Inc. Our physical address:  109 Legion Avenue, New Haven, CT 06519. Our tax ID number: 06-0836524.  Your attorney may want to use the following language:

"I give, devise, and bequeath to Continuum of Care, Inc., Inc., federal tax identification number 06-0836524, 109 Legion Avenue, New Haven, CT 06519 the sum of: $________________ (or describe the real or personal property or portion of the estate) to be used for its general purposes.”