Residuary bequests to private foundations are a common form of charitable giving. Typically, a testator's will provides for certain bequests to individuals, and designates a private foundation as a beneficiary of all or a portion of his residuary estate. The advantages of residuary bequests to charity are well-known: The testator's estate is eligible for a charitable deduction, and, if the recipient foundation was created by the testator or a family member during the testator's lifetime or
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]
![Glossary_Hero[71].png](https://www.wealthmanagement.com/sites/wealthmanagement.com/files/styles/article_related_thumb_standard/public/Glossary_Hero71.png?itok=tL0LOoqv)
