Charitable Will

noun

/ˈtʃær.ɪ.tə.bəl wɪl/

In a Nutshell

A will that includes gifts to charitable organizations, often used for philanthropy and tax planning.

PLAIN ENGLISH

A will that leaves money or property to charity—either all of it, or a portion alongside gifts to family. Common examples include leaving a percentage to your favorite charity, or everything that remains after family gifts.

⏱ When you'll encounter this term

  • Planning to leave a gift to a favorite charity
  • No close family to inherit
  • Balancing family needs with charitable giving
  • Tax planning for large estates
  • Supporting causes you care about after death
EXAMPLE

"My charitable will leaves $50,000 to the Cancer Council and the rest to my children. I want to support the cause that helped my late wife."

💡 Did you know?

Charitable bequests in wills are the largest source of income for many charities. Even modest gifts can make a significant difference, and charities can often use estate gifts for major projects that regular donations can't fund.