This is a statement in an individual's will or living trust dictating that on his or her death, some amount or portion of his or her estate is to be given to a charitable organization.

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A bequest is a statement in an individual's will or living trust dictating that on his or her death, some amount or portion of his or her estate is to be given to a charitable organization. A charitable gift annuity is a contract between a donor and a charity in which the donor makes a gift of cash or property and in return, the charity agrees to make fixed payments to the donor for life. Testament is not a relevant term in this context. Ultimate donation is not a recognized term in estate planning or charitable giving.

This Is a Statement in an Individual's Will or Living