Making a gift to Switchpoint through your will or revocable living trust is a simple and flexible way to change the lives of individuals and families for years to come. Have you already named Switchpoint in your will or trust? Please let us know your plans. We’d like to thank you for joining us in our work to end homelessness in southern Utah.
“I now have the confidence and courage to make a better life for my son and I.” -Former Switchpoint resident Crystle
There are many ways that you can make a gift through your will or trust:
* Specific gift: You describe exactly what kind of gift you want to leave to a certain charitable organization and the designated source. If you want to leave a set dollar amount from a particular source or item (such as a piece of property or a collector’s item) this is the type of bequest you would use.
Example – Mary states in her will: “I leave $50,000 to my nephew, Tyler. I leave $20,000 to Friends of Switchpoint Inc.”
* Residuary gift: This type of bequest is honored after all other bequests have been made, and all debts, expenses and taxes have been paid.
Example – Robert states in his will: “I give all the rest, residue and remainder of my real and personal estate to Friends of Switchpoint Inc.”
* Contingent gift: This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice through a contingent bequest.
Example – Mark states in his will: “I give all the rest, residue and remainder of my real and personal estate to my wife, Susan, if she survives me; if not, then 50 percent in equal shares to my children who survive me and 50 percent to Friends of Switchpoint Inc.”