A bequest may provide for a specific dollar gift, a percentage of your estate, or a specific asset(s) to be given to Miller-Keystone Blood Center in support of its NAT Lab, five bloodmobiles, educational programs, and endeavors. A bequest may also be in the form of a gift of the remaining assets of one’s estate. Bequests, like other gifts, can be designated for many purposes or given without restriction.
Gifts made by will serve as an important source of individual support. Bequests provide Miller-Keystone Blood Center the financial support to fund our new NAT Lab that provides accurate and reliable testing for HIV, Hepatitis C, and the West Nile virus. New bloodmobiles can be purchased and existing ones can be maintained. We can continue to go into high schools with our “My Blood, Your Blood Program” and promote education and awareness for the continuous need for blood.
An unrestricted bequest is one intended for the general and best use by the Blood Center at the discretion of the Board of Directors and Development Committee. This bequest would be written up to read as you wish.
Donors may restrict the usage of their bequests. A restricted bequest states the exact “purpose” the funds are allowed to be used for.
Individuals Retirement Accounts (IRAs), tax-sheltered annuities, self-employed plans(SEPs), 401(k), 403(b) and other qualified pension and profit-sharing plans can also provide significant support for Miller-Keystone Blood Center. A donor would need to inform his/her retirement plan administrator that he wishes to name Miller-Keystone Blood Center as a beneficiary of the plan. The funds will usually pass to MKBC outside of probate and free of all taxes.
A donor may name Miller-Keystone as a beneficiary of an existing life insurance policy. The proceeds will usually pass to Miller-Keystone outside of probate and free of all taxes.