Making A Bequest
A bequest to the Visual Arts Center of Richmond can take one of many forms:
- Specific Bequests: A specific bequest leaves a specified amount of money or a specific asset, such as securities, real estate or tangible personal property, to the organization.
- Percentage Bequests: A percentage bequest specifies the percentage of your estate that will go to the organization.
- Residuary Bequests: A residuary bequest gives the organization the assets that remain after providing for others.
- Contingent Bequests: A contingent bequest only goes into effect if the conditions of your primary bequest are not met. Most commonly, this would occur if you outlived your primary beneficiary and VisArts was your secondary beneficiary.