Please consider gifts of this nature very carefully in relation to your comprehensive financial and estate plans. We strongly recommend that you consult an attorney in the preparation of your will. The attorney will capture your intent and make sure your documents comply with your state requirements. The following examples are for illustration only.
Designating MPT
When including a bequest
provision in your will you'll need to use our legal name and address, and we suggest
including our Federal Tax Identification Number, as follows.
- Legal Name: MPT Foundation, Inc.
- Address: 11767 Owings Mills Blvd., Owings Mills MD 21117
- Federal Taxpayer Identification Number: 52-1224503.
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Designating
Type of Bequest
You'll need to decide whether to leave a percentage of
your estate or a specific dollar amount (or asset, such as stocks or mutual funds).
Alternatively, you may elect to leave the residue or a part of the residue of
your estate. Bequests may also be contingent.
Here's sample language:
- Percentage Bequest: "I give ___% of my estate to the MPT Foundation, Inc., located at 11767 Owings Mills Boulevard, Owings Mills MD 21117, (TIN 52-1224503) to be used for its general use and purposes.
- Specific Bequest: "I give and bequeath unto the MPT Foundation, Inc., a non-profit Maryland corporation, all of my shares of XYZ Mutual Fund for its general use and purposes. The MPT Foundation, Taxpayer Identification Number 52-1224503, is located at 11767 Owings Mills Blvd., Owings Mills MD 21117."
- Contingent Bequest: "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 MPT Foundation, Inc. all of the rest, residue, and remainder of my estate, to be used for the benefit of Maryland Public Television."
Directing Use of the Bequest
Unless otherwise directed,
your bequest will be unrestricted. A growing number of donors are electing to
direct their gifts toward MPT's endowment funds.
Unrestricted Bequests
General, unrestricted gifts are especially valuable for they allow MPT
to invest in organizational opportunities considered a priority at the time the
gift becomes available. MPT's current priorities give you an idea of the sorts
of initiatives that your gift might fund in the future.
The sample language provided above are examples of unrestricted bequests.
Restricted Bequests
Restricted bequests afford you the opportunity to direct your assets to one
of MPT's endowment funds:
- The Maryland Public Television General Endowment Fund, the disbursements of which benefit MPT as a whole.
The Maryland Public Television Regional Programming Endowment Fund, the disbursements of which support programming, outreach, and/or web-based services relevant to the history, arts, sciences, nature, or other subjects involving the Maryland region, including Maryland, Delaware, the District of Columbia, Pennsylvania, Virginia, West Virginia.
Bayscaping encourages the use of native plants and gardening techniques- The Maryland Public Television Educational Programming Endowment Fund, the disbursements of which support programming, outreach, and/or web services chosen by MPT with a primary purpose being the education of the viewer/user. Children's programming is a prime example of the sort of services this Endowment Fund supports.
- The Maryland Public Television Program Acquisition Endowment Fund, the disbursements of which purchase special events programming and other programming from production companies and other distributors.
Here's sample language for such a bequest:
- "I give and bequeath unto the MPT Foundation, Inc., a non-profit Maryland corporation, all of my shares of ABC preferred stock and QRS common stock to be deposited in The Maryland Public Television General Endowment Fund. The MPT Foundation, Taxpayer Identification Number 52-1224503, is located at 11767 Owings Mills Blvd., Owings Mills MD 21117."
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 Maryland Public Television.. Remember to let us know of your plans by completing and submitting our Estate Intention Form.
Return to Wills and Bequests.