Bequests – A Lasting Legacy

A will is the easiest and most effective means to ensure that your assets are distributed as you wish. Bequests, or gifts by will, both large and small, provide long-term support for the ongoing work of the San Jose Cathedral Foundation

You can leave a specific asset, a percentage of your estate or the remainder of your estate after you have taken care of other beneficiaries. Additionally, you may specify that your bequest be used for the general purposes of the Foundation or for a particular area of interest. Any bequest provision can be altered during your lifetime to change the legacy you will leave behind.There are several bequest options to consider:

Specific BequestYour will may stipulate a specific dollar amount or a specific asset from your estate, such as stocks, bonds, real estate, art, mutual fund shares, etc.

This bequest directs that either all or a percentage of your estate’s residue (i.e. what’s remaining after the other terms of your will have been satisfied) be paid to the San Jose Cathedral Foundation.

Bequests provide you with a number of avenues for charitable giving, though each avenue delivers you to the same destination: a legacy that commemorates your life.

Here are some examples of how a gift by will to the San Jose Cathedral Foundation might be worded. These examples can be adapted to suit your individual needs. Please consult with your estate planner for additional guidance. Please note that these are merely suggestions as to content and should be written or adapted by legal counsel to fit the contributor’s individual situation.

“I give, devise, and bequeath to the San Jose Cathedral Foundation, Tax ID# 77-0208232, for its general purposes (or state designated purpose) all (or state fraction or percentage) of the rest, residue, and remainder of my estate, both real or personal. The San Jose Cathedral Foundation may be contacted in care of the Executive Director, 80 South Market Street, San Jose, CA 95113.

For more information regarding bequests or other planned gifts, contact Nina Tranchina (408)283-8100