are bequests taxable
âââBequestsââ âââBequestsââ. A gift in your will, also known as a bequest, is a wonderful way to support The Masonic Charity Foundation of Connecticut and a powerful statement to others of your belief in the mission of Masonicare. Our donors are pleased to know bequests are also fully deductible for federal estate tax purposes.You don't have to be a Bill Gates or a Warren Buffett to do good in the world, says Foundation benefactor and Masonicare Board of Trustees Chairman Howard W. Orr.ââBequestsââ. A gift in your will, also known as a bequest, is a wonderful way to support The Masonic Charity Foundation of Connecticut and a powerful statement to others of your belief in the mission of Masonicare. Our donors are pleased to know bequests are also fully deductible for federal estate tax purposes.