Making a gift through your will
Making a gift to Handweavers Guild of America through your will or revocable living trust is a simple and flexible way to support the fiber art community for years to come.
By preparing your will or revocable trust now — either through a specific gift or contingent gift — you can enjoy peace of mind, knowing that you have taken care of those you love and the causes that are important to you.
Your will or trust is a flexible way to give
Just a simple provision in your will or revocable trust provides for the fiber art community who need your support.
Gifting through your will or trust allows you the flexibility of specifying a dollar amount or a particular asset, such as real estate or stock. It also allows you to donate either a percentage or remainder of your estate.
You can put your gift to work immediately. And if at some future date your circumstances should change to where your gift to us may no longer be possible, you can change your mind at any time.
Ways to give through your will or trust
First check with your legal and financial advisors to ensure your plans benefit both the people and the causes you care about in the most strategic way possible.
There are several ways you can make a gift through your will or trust to suit your goals, including a specific gift and a contingent gift
Specific gift
You describe exactly what kind of gift you want to leave to a specific individual or organization and the designated source. If you want to leave a specific dollar amount from a specific source or a particular item, this is the type of bequest you would use. Here’s an example: Jean states in her will: “I leave my yarn collection to my grandson, Greg. I leave my beach house to my daughter, Maria. I leave my securities to Handweavers Guild of America.”
Contingent gift
This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice through a contingent bequest. Here’s an example: Robert states in his will: “I give all the rest, residue, and remainder of my real and personal estate to my wife, Susan, if she survives me; if not, then I give 50% in equal shares to my children who survive me and 50% to Handweavers Guild of America.”