You designate a particular asset or a percentage of your estate to The Discovery by including a bequest provision in your will or revocable trust. You can do this while creating your will or trust, or you can amend an existing one with a simple document. The Discovery can be either a primary or a contingent beneficiary.
If you plan to restrict the use of your bequest (designating to a specific area or program), you contact The Discovery while drafting your will or trust to ensure your wishes can be met. The more narrowly you restrict the use of your bequest, the greater the risk that the program you want to benefit today won’t be as vital or as relevant when we receive your gift in the future.
You inform The Discovery of your commitment [hyperlink to fillable form in new window], which helps for planning and ensures your wishes can be fulfilled. This is especially important for gifts of real estate or other specialized property.
The Discovery receives the gift after your lifetime and applies it to the purpose(s) you specified. At The Discovery, unrestricted charitable gifts are used to support our mission to inspire through hands-on educational programming and exhibitions centered on science.
Your distribution is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. In addition, the gift is usually exempt from state inheritance taxes.