|
Please
note that gifts of this nature should be carefully considered in relation
to your comprehensive financial and estate plans. We strongly recommend that you
consult an attorney in the preparation of your will and to supervise its execution
so as to comply with your state requirements. The following are examples for illustration
only. - When including a bequest provision in your
will, always use the full legal name and provide the federal taxpayer identification
number.
- Our full, legal name is: "Boston Rescue Mission, Inc."
- Our
federal taxpayer identification number is: 04-2104726.
Bequests
for Unrestricted Purposes
Unrestricted gifts are to be used for the greatest
need at the time to be determined by the Board. A general unrestricted bequest
is especially valued by us. - For a bequest of securities,
the possible language is: "I give Boston Rescue Mission, Inc. all of my shares
of XYZ stock or mutual fund to be used for the benefit of Boston
Rescue Mission."  -
For a bequest of cash, the possible language is: "I give to Boston Rescue
Mission, Inc. the sum of (Amount) to be used for the benefit of Boston
Rescue Mission."
If you do not want to specify the
exact amount or nature of the intended gift, perhaps because the size of the future
estate is difficult to estimate, a proportional bequest is often the best way
to accomplish your goals. We would receive a percentage of the estate or the residue
of the estate, after all other provisions have been met. -
Possible language is: "I give to Boston Rescue Mission, Inc. (percent) of my estate,
or (percent of the rest, residue and remainder) of my estate to be used for the
benefit of Boston Rescue Mission." Contingent
Bequest
A contingent bequest takes effect only if the primary intention
cannot be met (e.g. if the primary beneficiary does not survive the donor). This
ensures that property will not be distributed to unintended beneficiaries.
- Possible language is: "If (name of primary beneficiary) does not survive me,
or shall die during the administration of my estate, or as a result of a common
disaster, then I give to Boston Rescue Mission, Inc. all of the rest, residue,
and remainder of my estate, to be used for the benefit of Boston
Rescue Mission." Bequests
for Restricted Purposes
If you would like
to honor a family member, a special person or provide support for a specific program
or department that was meaningful to you, then you can designate your bequest
specifically for that purpose. You simply use any form of the possible language
included above, and replace "to be used for the benefit of [ insert purpose or
intent ]" with the specific designation. Often specific guidelines govern the
use of these types of funds. Therefore, we recommend that you contact us to discuss
your restricted gift. We are here to help you as you plan. Thank
you for remembering Boston Rescue Mission. Click here to return to Wills
and Bequests.
| 
