Stewardship:
Planned Givng
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: "Grace
Community Church of the Valley."
- Our federal taxpayer identification
number is: 86-0219368.
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 Grace Community
Church of the Valley all of my shares of XYZ stock or mutual
fund to be used for the benefit of Grace
Community Church."
- For a bequest of
cash, the possible language is: "I give to Grace Community
Church of the Valley the sum of (Amount) to be used for the
benefit of Grace Community Church."
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 Grace Community Church of the Valley (percent)
of my estate, or (percent of the rest, residue and remainder)
of my estate to be used for the benefit of Grace
Community Church."
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 Grace Community
Church of the Valley all of the rest, residue, and remainder
of my estate, to be used for the benefit of Grace Community
Church."
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.
If you already have a will
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
Grace Community Church. Click here to return to Wills
and Bequests.
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