Planned Giving
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: "Homewood Foundation, Inc."
- Our federal taxpayer identification number is: 52-1892689.
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 Homewood Foundation, Inc. all of my shares of XYZ stock or mutual fund to be used for the benefit of Homewood."
- For a bequest of cash, the possible language is: "I give to Homewood Foundation, Inc. the sum of (Amount) to be used for the benefit of Homewood."
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 Homewood Foundation, Inc. (percent) of my estate, or (percent of the rest, residue and remainder) of my estate to be used for the benefit of Homewood."
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 Homewood Foundation, Inc. all of the rest, residue, and remainder of my estate, to be used for the benefit of Homewood."
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 Homewood. Click here to return to Wills and Bequests.
For more information on planned giving opportunities, contact the Homewood Foundation at 1-800-559-CARE or direct email questions to foundation@hmwd.org.