OPPORTUNITIES FOR GIVING

Giving through a Bequest in Your Will Or in Your Revocable Living Trust

Before you make a major bequest of your estate assets to Bethel Bible Village Children's Home, we encourage you to consult with your personal financial, tax, and legal advisors.

Advantages of a Bequest gift
A Gift Bequest in Your Will to a Charitable Lead Trust

Advantages of a Bequest gift to the children served by Bethel Bible Village Children's Home:

1. Allows you to help continue Bethel's ministry to neglected and hurting children beyond your lifetime.

2. Opportunity for you to give a much larger gift than you may be able to give during your lifetime.

3. If your estate is taxable, a bequest to the Bethel children allows you to redirect some of your estate assets to benefit them, rather than those assets going to the government as estate taxes.

4. As a final act of your commitment to God's work through Bethel, you may inspire your family and friends to become involved with a ministry you valued so highly.

If you would like to make a bequest to Bethel Bible Village Children's Home, here is some sample wording to assist your attorney as he/she drafts or revises your Will or Revocable Living Trust. This wording will need to be reviewed by your attorney and changed as needed to fit your specific facts and circumstances.

A percentage Bequest to Bethel Bible Village Children's Home:

"I give, devise, and bequeath to Bethel Bible Village Children's Home, a Tennessee Not-for-Profit corporation, located 3001 Hamill Road Hixson, TN 37343, _______percent (%) of my estate, including real and personal property."

A Specific Bequest to Bethel Bible Village Children's Home:

"I give, devise, and bequeath to Bethel Bible Village Children's Home, a Tennessee Not-for-Profit corporation, located at 3001 Hamill Road Hixson, TN 37343, $___________.

A Residual Bequest to Bethel Bible Village Children's Home:

"I give, devise, and bequeath to Bethel Bible Village Children's Home, a Tennessee Not-for-Profit corporation, located at 3001 Hamill Road Hixson, TN 37343, all the rest, residue, and remainder of my estate, both real and personal."

Other information your attorney will need about Bethel Bible Village Children's Home:

1. Legal Name: Bethel Bible Village Children's Home:

2. Federal Employer Identification Number: 62-6019872

3. Bethel is, as determined by the IRS, qualified as an organization permitted to receive bequests that are deductible for Federal estate tax purposes, under Section 2055(a)(2) of the Internal Revenue Code.

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You can choose in your Will or Revocable Living Trust to transfer a portion of your estate assets to a trust that will pay out annual payments to Bethel Bible Village Children's Home for a number of years. You specify the number of years. At the end of the specified years, the trust assets are then distributed to your family. This arrangement is called a Charitable Lead Trust.

Many people use this type of arrangement where they have sufficient estate assets to distribute a reasonable portion to their family at the time of death, but may not want to distribute all assets at that time. This arrangement also works well to reduce estate taxes. Taxes are reduced because the value of the income stream of money for several years to charity. This income to charity over time reduces the value of the assets to be distributed to family members. The IRS allows the assets to valued at a discount for estate tax purposes.

If you would like to designate your bequest gift to be used for a particular ministry program or to be used over a specific period of time, or have other questions, please contact Bethel Bible Village Children's Home Development office at ront@bethelbiblevillage.org, or 423-842-5757,or toll-free 888-228-9499, or write to address above.

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