Estate – Will or Trust
Remembering PCB in your will or trust is a wonderful way for you to make a lasting gift. Large or small, your bequest will make an important contribution to PCB’s long term strength and our ability to fulfill our missions.
We encourage you to work with an experienced attorney to create or amend your will or trust to accomplish your goals for your estate.
Ways you can define a charitable gift in your estate plan
There are several ways that you can define the amount of your charitable gift to PCB. They are:
- A gift of a particular specific amount of money.
- A gift of a specific item or items. For example, you give 1,000 shares of ABC corporation.
- A gift that will be made only if one or more conditions are met. For example, you give X dollars provided that your spouse does not survive you.
- A gift that will be made from the remainder of your estate once all other bequests, debts, and taxes have been paid. For example, you give X% of the remainder of your estate.
Ways to specify how PCB may use your bequest
You have several options for telling PCB how we may use your bequest, once we receive it.
- An unrestricted bequest – This is a gift for our general purposes. This can be the most useful kind of gift because it allows us to put your gift to the best possible use at the time we receive it.
- A restricted bequest – This is a gift for a specific use, such as a special project of program that is important to you. It is best for you to consult with us before placing restrictions on your bequest to be sure we can carry out your wishes. Please contact us at 847-381-0975 or send a confidential email to accounting@pcbarrington.org to arrange for this important discussion.
- An endowed bequest – This is a gift where PCB invests your donation along with the rest of our endowment. We distribute these funds in accordance with our endowment spending policy. This approach assures that your gift will continue to benefit PCB long after you are gone.
- An honorary bequest – This is a gift made in honor of someone else. Any form of bequest can also be an honorary bequest. We would be pleased to recognize the people you wish to honor with your gift.
Make sure we can carry out your wishes
It is very important that your bequest be accurately and clearly described in your estate plan so that we can carry out your wishes as you intended. We are pleased to consult with you regarding the terms of your bequest to make sure that we will be able to honor your intentions. To avoid any possible question that your bequest is to PCB, be sure to include our full legal name and our federal tax identification number in your bequest.
Legal Name:
The Presbyterian Church of Barrington
6 Brinker Road
Barrington Hills, IL 60010
Tax identification number: 36-6083704
To obtain more information or arrange a meeting with us, please the office at 847-381-0975 or send a confidential email to accounting@pcbarrington.org.