Boys & Girls Clubs of Greater Scottsdale Foundation's Bequest Language
An excellent way for you to support Boys & Girls Clubs of Greater Scottsdale Foundation's mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property as you retain full control of your assets during your life. You are able to leave a lasting legacy that only requires your signature.
There are a number of ways you can make a bequest to Boys & Girls Clubs of Greater Scottsdale Foundation.
In order to make a bequest, you should speak with your attorney to shape your estate plans. Your attorney can help you include a bequest to Boys & Girls Clubs of Greater Scottsdale Foundation in your estate plan. We have provided language to assist in your estate plans.
1. Specific Bequest
If you are considering making an outright bequest to Boys & Girls Clubs of Greater Scottsdale Foundation, we recommend the following language:
If you are considering making a bequest of a percentage of your estate to Boys & Girls Clubs of Greater Scottsdale Foundation, we recommend the following language:
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Boys & Girls Clubs of Greater Scottsdale Foundation flexibility should it no longer be possible for Boys & Girls Clubs of Greater Scottsdale Foundation to use your gift as you originally intended:
Please contact us if you have any questions about how to make a bequest to Boys & Girls Clubs of Greater Scottsdale Foundation or to request any additional information that might be helpful to you as you consider making a bequest to us through your estate plans.
If you have included a bequest for Boys & Girls Clubs of Greater Scottsdale Foundation in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
Types of Bequests
There are a number of ways you can make a bequest to Boys & Girls Clubs of Greater Scottsdale Foundation.
Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave $25,000 to Boys & Girls Clubs of Greater Scottsdale Foundation or your primary residence.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Boys & Girls Clubs of Greater Scottsdale Foundation.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has distributed out to each of the specific bequests. A common residual bequest involves leaving a percentage of the remainder of the estate to charity. For example, you may wish to leave 30% of the remainder of your estate to Boys & Girls Clubs of Greater Scottsdale Foundation.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home specified for that relative will go to Boys & Girls Clubs of Greater Scottsdale Foundation.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Boys & Girls Clubs of Greater Scottsdale Foundation.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has distributed out to each of the specific bequests. A common residual bequest involves leaving a percentage of the remainder of the estate to charity. For example, you may wish to leave 30% of the remainder of your estate to Boys & Girls Clubs of Greater Scottsdale Foundation.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home specified for that relative will go to Boys & Girls Clubs of Greater Scottsdale Foundation.
Bequest Benefits
A bequest is generally a revocable gift, which means it can be changed or modified at any time.
You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended.
Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Bequest Language
In order to make a bequest, you should speak with your attorney to shape your estate plans. Your attorney can help you include a bequest to Boys & Girls Clubs of Greater Scottsdale Foundation in your estate plan. We have provided language to assist in your estate plans.
1. Specific Bequest
If you are considering making an outright bequest to Boys & Girls Clubs of Greater Scottsdale Foundation, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
2. Percentage BequestI hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
If you are considering making a bequest of a percentage of your estate to Boys & Girls Clubs of Greater Scottsdale Foundation, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
3. Residual Bequest
I hereby give, devise and bequeath to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
4. Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Boys & Girls Clubs of Greater Scottsdale Foundation, a nonprofit organization located at 10533 E. Lakeview Drive, Scottsdale, AZ, 85258, Federal Tax ID #86-0767778, DESCRIPTION OF PROPERTY to be used for Boys & Girls Clubs of Greater Scottsdale Foundation's general use and purpose.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Boys & Girls Clubs of Greater Scottsdale Foundation flexibility should it no longer be possible for Boys & Girls Clubs of Greater Scottsdale Foundation to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Boys & Girls Clubs of Greater Scottsdale Foundation, it shall become impossible for Boys & Girls Clubs of Greater Scottsdale Foundation to use this bequest to accomplish the specific purposes of this bequest, Boys & Girls Clubs of Greater Scottsdale Foundation may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Contact Us
Please contact us if you have any questions about how to make a bequest to Boys & Girls Clubs of Greater Scottsdale Foundation or to request any additional information that might be helpful to you as you consider making a bequest to us through your estate plans.
If you have included a bequest for Boys & Girls Clubs of Greater Scottsdale Foundation in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
