June 12, 2008
Bequests to Charities Examined in IRS Study
A study of estates by the Internal Revenue Service shows that in 2004 — the most recent tax year for which information is available — people who died and left larger estates were more likely to make a charitable bequest than those with smaller estates and, on average, gave away a larger portion of their gross estates to charity.
In 2004, 8,722, or nearly 21 percent of all federal estate tax returns filed with the government, included bequests in cash and other
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