Bequests

A bequest is a gift made through your will or living trust and is the most popular type of deferred gift to Pacific Northwest Ballet. There are many good reasons for its popularity. A bequest is revocable, meaning that you retain full control over your assets during your lifetime should you need them. It's flexible—you can name as many charitable beneficiaries as you would like, and specify what each will receive. In addition, your estate is entitled to an estate tax deduction for the full amount of the bequest gift.

There are different kinds of bequest gifts you can make:

  • A general or pecuniary bequest leaves a certain dollar amount.
  • A specific bequest leaves a piece of property, such as stock or real estate.
  • A residual bequest leaves all or a portion of what remains from an estate after debts, taxes, expenses, and other bequests have been paid.
  • A contingent bequest leaves assets only under certain conditions—if a spouse or other beneficiary does not survive you, for example.

For sample bequest language to share with your attorney, please click here.

You may choose to designate your bequest for current use, so that your gift can help meet pressing needs at the time it is received, or you may direct it to the PNB Endowment. With an endowment gift, you ensure that your annual support continues in perpetuity, for the benefit of future generations. Whichever way you choose , you truly create a living legacy at Pacific Northwest Ballet.

For more information about including PNB in your will or living trust, or if you have already provided for Pacific Northwest Ballet in your estate plans, please contact Lindsay Krause, Major Gifts and Planned Giving officer, Lkrause@pnb.org or 206-441-3599.

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