
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: "WNMU-FM."
- Our federal taxpayer identification number is: 38-6029206.
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 WNMU-FM all of my shares of XYZ stock or mutual fund
to be used for the benefit of WNMU."
- For a bequest of cash, the possible language is: "I give
to WNMU-FM the sum of (Amount) to be used for the benefit
of WNMU."
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 WNMU-FM (percent) of
my estate, or (percent of the rest, residue and remainder) of my
estate to be used for the benefit of WNMU."
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 WNMU-FM
all of the rest, residue, and remainder of my estate, to be used
for the benefit of WNMU."
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 WNMU. 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 WNMU-FM, Public Radio 90 by Future
Focus. Please report any problems to section
webmaster. Revised: November 8, 2006 9:15
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