Bequest

A charitable bequest is one of the easiest and most flexible ways you can leave a gift to Bideawee that makes a lasting impact.

 

How a Bequest works

With the help of an attorney or utilizing our free will-maker, you can include language in your will or trust specifying a gift to be made to Bideawee as part of your estate plan. This gift can be of cash, stocks, bonds, or real estate.

Types of Bequests

  • Specific Bequest– A specific bequest involves making a gift of a specific asset such as real estate or a set dollar amount. For example, you may wish to leave your home or $10,000 to Bideawee.
  • Percentage Bequest– This type of bequest leaves a specific percentage of your overall estate. For example, you may wish to leave 10% of your estate to Bideawee.
  • Residual Bequest– A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. For example, you may wish to leave 30% of the residual of your estate to Bideawee.
  • Contingent Bequest– A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Bideawee.

 

Bequest Language

Here is some basic bequest language you might consider:

  1. Specific Bequest

If you are considering making a specific bequest to Bideawee, we recommend the following language:

I hereby give, devise, and bequeath _________ dollars ($DOLLARS) to Bideawee, Inc., a nonprofit organization, Federal Tax ID #13-1655210, for Bideawee’s general use and purpose.

Bequest of Specific Personal Property

I hereby give, devise, and bequeath DESCRIPTION OF PROPERTY to Bideawee, Inc., a nonprofit organization, Federal Tax ID #13-1655210, for Bideawee’s general use and purpose.

  1. Percentage Bequest

If you are considering making a bequest of a percentage of your estate to Bideawee, we recommend the following language:

I hereby give, devise, and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Bideawee, Inc., a nonprofit organization, Federal Tax ID #13-1655210, for Bideawee’s general use and purpose.

  1. Residual Bequest

I hereby give, devise, and bequeath to Bideawee, Inc., a nonprofit organization, Federal Tax ID #13-1655210, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Bideawee’s general use and purpose.

  1. Contingent Bequest

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Bideawee, Inc., a nonprofit organization, Federal Tax ID #13-1655210, DESCRIPTION OF PROPERTY to be used for Bideawee’s general use and purpose.

Restricted Bequests

If you would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that you include the following provision to give Bideawee flexibility should it no longer be possible for Bideawee to use your gift as you originally intended:

If, in the judgment of the Board of Directors of Bideawee, it shall become impossible for Bideawee to use this bequest to accomplish the specific purposes of this bequest, Bideawee may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.