Bequest

In a Bequest, a donor gives money, property or other assets to the SAG-AFTRA Foundation as defined in the donor’s will. These assets are available to the SAG-AFTRA Foundation upon the donor’s death.

How It Works

A bequest offers a donor a means by which s/he can lend support to the SAG-AFTRA Foundation through any vehicle and in any amount s/he prefers without affecting cash flow or assets during her/his lifetime.

The donor can stipulate whether the bequest must remain anonymous or can be recognized by the SAG-AFTRA Foundation.

Types of Bequests

Specific Bequest

In a specific bequest, the donor directs a predetermined sum of money; a percentage of the donor’s estate; or a particular asset (which may include stocks, bonds, real estate or tangible personal property such as jewelry or artwork) be transferred to the SAG-AFTRA Foundation. Funds from retirement plans or life insurance policies can also be used in specific bequests.

Residual Bequest

In a residual bequest, the remaining assets in the estate, or a predetermined percentage thereof, are transferred to the SAG-AFTRA Foundation after beneficiaries have received their distributions; all estate debts are satisfied; and taxes and expenses are paid.

Contingent Bequest

In a contingent bequest, the assets would be transferred to the SAG-AFTRA Foundation if the donor’s primary heirs predecease the donor.

In her/his will, the donor can stipulate how the assets in the bequest are to be used by the SAG-AFTRA Foundation.

Unrestricted Bequest

In an unrestricted bequest, the assets may be used at the SAG-AFTRA Foundation’s discretion, where the need is greatest or for general purposes. In a restricted bequest, the assets can only be used for a specific project or purpose.

Honorary or Memorial Bequest

In an honorary or memorial bequest, the donor stipulated the assets have been bequeathed in recognition of an individual. In an endowed bequest, the SAG-AFTRA Foundation is directed to maintain the principal and use only the income generated by the principal.

Contact

Nicholas Hass
Institutional Giving Manager
323-549-6430