A testamentary donation to a non-profit organization is a way for a person to include a charitable organization in their will to pass on part of their estate after their death. This type of donation allows the donor to support causes that are important to them, even posthumously. The primary benefit is twofold: it helps continue the donor’s philanthropic commitment and often provides significant tax advantages for the estate.
To make a testamentary donation, the testator must specify in their will the amount or percentage of the asset they wish to leave to the organization. This can be a sum of money, stocks, real estate, or other types of assets. The management of these donations is typically coordinated by the executors of the will in collaboration with the beneficiary organization, to ensure that the donor’s wishes are honored.
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