Fuse Legacy Giving Program
Our planned giving program provides an opportunity for those that wish to continue building progress in Washington into the future with legacy contributions made through estate plans, bequests, and beneficiary designations of retirement and other assets. You can make a legacy contribution to our 501(c)(3) Fuse Innovation Fund and our 501(c)(4) Fuse Washington.
501(c)(3) Fuse Innovation Fund EIN: 87-0800705
501(c)(4) Fuse Washington EIN: 26-0573960
Address: PO Box 4897, Seattle, WA 98194
We hope you will join the Fuse Legacy Giving Program to be a part of a community of advocates who share the commitment and vision to ensure Fuse can continue to make Washington a more equitable and just place for all. If you’ve arranged a planned gift to Fuse, please fill out the Notice of Beneficiary Designation below.
Notice of Beneficiary Designation
Bequests
Among the most popular of giving arrangements, a bequest is simply a provision in your will or living trust that provides for a gift to Fuse Innovation Fund or Fuse Washington upon your death. It can be arranged as part of your initial estate planning or with an amendment to an existing plan, or a codicil in the case of a will. You can name Fuse as the beneficiary of a specific dollar amount, property, or a share of your estate. A bequest gift can be either outright or contingent upon the death of the named benefactor.
You will find sample bequest language below. PLEASE NOTE: The sample language provided does not constitute legal, tax, or financial advice. You should speak with an estate planning attorney or financial advisor to determine how best to support Fuse based upon your personal circumstances.
Bequest as a cash donation: “I bequeath the sum of $X to Fuse Innovation Fund, Seattle, WA”
Bequest as a percent of an estate: “I devise and bequeath X% of the remainder and residue of property owned by me at my death, whether real or personal, and wherever located, to Fuse Innovation Fund, Seattle, WA.”
As a contingent bequest: “If my brother John Doe survives me, I devise and bequeath X% of the remainder and residue of my property owned by me at my death, whether real or personal property, and wherever located, to John Doe. If John Doe does not survive me, I devise and bequeath X% of my residuary estate, whether real or personal property and wherever located to Fuse Innovation Fund, Seattle WA.”
Beneficiary Designations of Retirement & Other Assets
You may also designate our 501(c)(3), Fuse Innovation Fund as the primary beneficiary of a life insurance policy, savings bonds, bank or brokerage accounts, or qualified retirement plan or IRA. It is easy to arrange by completing or amending a beneficiary designation form, and can be easily amended if life circumstances change. You also avoid some income and estate taxes on these types of assets, and your estate receives a deduction for the interest passing to Fuse.
Tax Exemptions
In general, there is an unlimited deduction of charitable bequests to our 501(c)(3) Fuse Innovation Fund against the value of an estate, making it a powerful tool for reducing estate tax. It is possible for an estate to deduct charitable bequests of not only cash, but also property such as real estate, stock, IRAs, autos and other assets. There is no federal estate tax deduction for gifts to our 501(c)(4) Fuse Washington.
Please talk to an estate planning attorney or financial advisor for further guidance. If you have any questions about Fuse’s Legacy Giving Program, please contact our Development Director, Serena Carmona-Hester at serena@fusewashington.org.
