Topical Terminology  

       

Topical Terminology > Bequest



10 Definitions

Bequest

For Bequest we have terms and definitions in 10 topics. The topics are Accounting, Accounting Terms, Charitable Donation, Charitable Donations, Charitable Giving, Dream, Fundraising, Genealogy, Grantmaking and Philanthropy.



Bequest (Accounting)

A gift by will of personal property. If the bequest is money to the extent it is paid out of income from property it is taxable to the recipient. Generally bequest value is fair market at the date of the decedent's death.


Bequest (Accounting Terms)

A gift by will of personal property. If the bequest is money to the extent it is paid out of income from property it is taxable to the recipient. Generally bequest value is fair market at the date of the decedent's death.


Bequest (Charitable Donation)

A transfer of property from an estate to a named individual or organization. A bequest to charity entitles the donor to an estate tax deduction for the full value of the property transferred. Language of the bequest must be specific as to the identity of the charitable organization. Charitable bequests may be unrestricted or designated for a specific purpose, if such purpose is within the scope of the charity’s mission.


Bequest (Charitable Donations)

To give or leave something by will, typically personal property or assets.


Bequest (Charitable Giving)

Transfer of personal property to a specified person or organization under the terms of the decedent’s will.


Bequest (Dream)

After this dream, pleasures of consolation from the knowledge of duties well performed, and the health of the young is assured.


See more Dream Terms ...

Bequest (Fundraising)

A gift of assets made at death by an individual through a will or trust. Charities accept bequests in several forms including specific sums or assets, a percentage of the revenue of the estate and contingent bequests. See also:Legacy, Memorial Fund, Mortmain Law, Planned Giving, Will


Bequest (Genealogy)

Legacy; usually a gift of real estate by will


Bequest (Grantmaking)

A gift of assets made at death by an individual through a will or trust. Charities accept bequests in several forms including specific sums or assets, a percentage of the revenue of the estate and contingent bequests. See also:Legacy, Memorial Fund, Mortmain Law, Planned Giving, Will


Bequest (Philanthropy)

A bequest can be a legacy; a sum of money committed to an organization and donated upon the donor's death.




Similar

Browse words that start with:




Browse All Terms by First Letter

Term Search



Powered by Odin Assemble 2.5a