Bequest Language
A gift to Boys & Girls Club of Maury County Inc. (DBA Boys & Girls Clubs of South Central Tennessee) in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations. A bequest:
- is easy to arrange.
- will not alter your current lifestyle in any way.
- can be easily modified to address your changing needs.
Residual Gift Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to Boys & Girls Club of Maury County Inc. (62-1611131), located in Columbia, TN, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
Specific Gift Language
Naming Boys & Girls Club of Maury County Inc. as a beneficiary of a specific amount from your estate is easy:
I give and devise to Boys & Girls Club of Maury County Inc. (62-1611131), located in Columbia, TN, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).
Contingent Gift Language
Boys & Girls Club of Maury County Inc. or its affiliates can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to Boys & Girls Club of Maury County Inc. (62-1611131), located in Columbia, TN, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).
Retirement Plan Beneficiary Language
You may name Boys & Girls Club of Maury County Inc. (62-1611131) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming Boys & Girls Club of Maury County Inc. as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Boys & Girls Club of Maury County Inc. as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to support Boys & Girls Club of Maury County Inc. free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Boys & Girls Club of Maury County Inc.. We can also assist you with the proper language for your beneficiary designation to Boys & Girls Club of Maury County Inc..
Customized Language
If you or your attorney would like Boys & Girls Club of Maury County Inc. to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.
What Is a Bequest?
A bequest is a gift made through your will or living trust – can be the easiest gift to make to Boys & Girls Club of Maury County Inc. because it costs you nothing during your lifetime. Plus, it’s “revocable,” so you can update or change it if circumstances change. If you already have a will or living trust, you can amend it to include a bequest to Boys & Girls Club of Maury County Inc. with a simple codicil. Download a typical sample codicil here. (in MS Word).
Typical Donor Profile
Bequests are one of the easiest and most popular gift plans. This plan can fit any prospect: single, married, child-free or multi-generational, wealthy or not. Often a bequest is simply a set amount or percentage of an estate set aside to make a gift to The Boys & Girls Club of Maury County Inc. . Do you already have a will and do not want to pay your attorney to change it? In most states a donor can execute a simple codicil (or will addition) to make the gift in a cost-effective manner.