Suggested
Language for Bequests
to the Family Giving Tree
A bequest may be in the form of cash, securities,
real estate, or other property. You should specify that
the Family Giving Tree is to receive a certain amount or
percentage of your estate, particular assets, or the remainder
of your estate after providing for heirs. To discuss making
a bequest or for assistance in drafting language, please
contact Bob Cullenbine, CFO
at 408-946-3111 x212 or Bob@familygivingtree.org.
Following
are some examples of various types of bequests:
Specific
bequests are used to
make a gift of a specific dollar amount or specific assets,
such as securities, real estate, or personal property.
Residuary bequests are used to
give all or a portion of the rest, residue, and remainder
of your estate after payment of expenses and any specific
amounts designated to other beneficiaries.
Contingent bequests will result
in a gift to The Family Giving Tree only in the event of
the death of other beneficiaries or the fulfillment of certain
conditions described in your estate plans.
Suggested
language is as follows:
"I
give, devise, and bequeath to the Family Giving Tree, a
nonprofit organization incorporated in the state of California
with tax ID 77-0284682, currently
located at 505 Valley Way ,
Milpitas , California
95035 …
1.
all of my residuary estate to be used as the Family Giving
Tree’s Board of Directors shall, in its sole discretion,
determine __________________________
2.
a portion of my residuary estate equal to _____% thereof
3.
the following described property *______________________
*
Please call the Director of Development regarding gifts of property.
|
| Quick
Links
Main
Donation Page
Estate
Planning Info
About
Us
Contact
the Office | 