Bequest Language
A gift to Boys & Girls Club of Denison 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 Denison (Tax ID #75-6056229), located in Denison, Texas, 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 Denison as a beneficiary of a specific amount from your estate is easy:
I give and devise to Boys & Girls Club of Denison (Tax ID #75-6056229), located in Denison, Texas, ( ___________ % of the residue of my estate) or (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 Denison 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 Denison (Tax ID #75-6056229), located in Denison, Texas, 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 Denison (Tax ID #75-6056229) 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 Denison 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 Denison 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 Denison 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 Denison. We can also assist you with the proper language for your beneficiary designation to Boys & Girls Club of Denison.
Customized Language
If you or your attorney would like Boys & Girls Club of Denison 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 Denison 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 Denison with a simple codicil. Download a typical sample codicil here.
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 Denison. 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.