You can create a permanent legacy by leaving a bequest of a specific amount of cash, a percentage of your estate or the remainder of your estate. There's no limit on the amount you may set aside from your estate--you can make a gift as large or small as you'd like. (Some agencies may have minimum requirements for establishing an endowment.)
You may choose to make a gift of cash, securities or other property--and your estate will receive a tax deduction in the amount of your charitable bequest. A charitable bequest allows you to retain use and control over your assets during your lifetime.
A bequest is a legacy gift, distributed from the donor’s estate after the end of his or her life. If not designated, it can be spent in the year that it is captured. An endowment is a fund that is held in perpetuity, distributing a specified percentage annually to the designated purpose. For example, a Lion of Judah Endowment (LOJE) and Perpetual Annual Campaign Endowment (PACE) are funds that are held by the federation/ foundation and distributed each year to the Annual Campaign. An endowment can be established by bequest or during the donor's life.
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you to retain use
over your assets