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SAMPLE
BEQUEST LANGUAGE
for KJZZ 91.5 FM
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: "Maricopa Colleges Foundation - KJZZ."
- Our
federal taxpayer identification number is: 86-0327449.
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 Maricopa
Colleges Foundation - KJZZ all of my shares of XYZ stock or mutual fund to be
used for the benefit of KJZZ." -
For a bequest of cash, the possible language is: "I give to Maricopa Colleges
Foundation - KJZZ the sum of (Amount) to be used for the benefit of KJZZ." 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 Maricopa Colleges Foundation - KJZZ (percent) of my estate,
or (percent of the rest, residue and remainder) of my estate to be used for the
benefit of KJZZ." 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 Maricopa Colleges Foundation - KJZZ all of the rest,
residue, and remainder of my estate, to be used for the benefit of KJZZ." 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 KJZZ.
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Please note,
individual financial circumstances will vary. 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. This
Planned Giving section has been developed for KJZZ 91.5 FM by Future
Focus. Any problems, please contact webmaster.
Revised: May 13, 2004 17:47
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