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Sample Bequest Language
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: "California Symphony Orchestra, Inc."
- Our federal taxpayer identification number is: 94-3024038.
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 California Symphony Orchestra, Inc. all of my shares of XYZ
stock or mutual fund to be used for the benefit of the California
Symphony."
- For a bequest of cash, the possible language is: "I give
to California Symphony Orchestra, Inc. the sum of (Amount) to be
used for the benefit of the California Symphony."
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 California Symphony Orchestra, Inc. (percent) of my estate, or (percent of the rest, residue and
remainder) of my estate to be used for the benefit of the California
Symphony."
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 California Symphony Orchestra, Inc. all of the rest, residue, and remainder of my estate,
to be used for the benefit of the California Symphony."
We recommend that you contact us to discuss your restricted
gift. We are here to help you as you plan. 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,
A codicil is a written change or amendment to a will. Click
here for a printable copy of what a codicil would look like.
Please remember to consult your attorney to make sure you are properly
advised.
Thank you for remembering the California Symphony. Click here to
return to Wills and Bequests.
Please note, individual
financial circumstances will vary. The information on this site
does not constitute legal or tax advice. Donor stories and photographs
are for purposes of illustration only. As with all tax and estate
planning, please consult your attorney or estate specialist. All
material is copyrighted and is for viewing purposes only. Use of
this site signifies your agreement with the terms
of use. The content in this Planned Giving section has been
developed for the California Symphony by Future
Focus. Please report any problems to webmaster.
Revised: May 8, 2007 14:16.
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Bequests
for Unrestricted Purposes 
Contingent
Bequest