Would you like to support the ETF even after your death? You can leave a legacy gift in your will.
In Belgium: Evangelische Theologische Faculteit vzw
With a general bequest, one person or organization inherits everything.
A special bequest gives the possibility to nominate heirs who have to give away a certain amount of the bequest, for example to a charity. This means that this charity is then not responsible for possible debts, which fall to the heirs.
A dual bequest nominates a non-profit organization (VZW), such as the ETF, as an heir. In this case, the organization pays inheritance tax, which is lower for a non-profit organization than for other persons or institutions. The organization then has to pass on a part of the bequest to, for example, nephews and nieces. Because the inheritance tax rates for a non-profit organization are lower, this may be more advantageous for all the heirs than other types of bequests.
Would you like to know what type of bequest best suits your situation, contact a notary. All wills that are established with a notary are registered at the Centre for the Registration of Last Wills and Testaments (CRT).
In the Netherlands: Stichting vrienden van de ETF
You can decide to leave (part of) your estate to the ‘Stichting vrienden van de ETF’ (Friends of ETF). As a Public Welfare Institution (ANBI), ETF does not have to pay tax on legacies. So the whole sum allocated to the ‘Stichting vrienden van de ETF’ is used for the work of the ETF.
If you decide to mention ‘Stichting vrienden van de ETF’ in your will, you can contact your notary. The notary will draw up a valid will and ensure its execution after your death.
For everyone who would like to leave a bequest in a will: ‘I bequeath, free of rights and expenses, to the ‘Stichting vrienden van de ETF’ in Nijmegen, registered with the Chamber of Commerce for the Rhine Land under no. 41017446, a sum in cash, amounting to € …’
For question related to legacies, please contact our accountant Bernard Vantieghem, +32 16 20 08 95.