A gift to Focus: HOPE through your will or living trust allows you to make a meaningful contribution that supports Focus: HOPE's efforts far into the future, yet costs you nothing today.
A charitable bequest can be in the form of a precise dollar amount or a specific property.
You can also designate a residual charitable bequest, which is determined after payment of specific amounts to heirs. Bequests, like other gifts, can be restricted for a specific purpose or given without such constraints. If you already have a will, you can append a charitable bequest with the simple addition of a codicil.
Charitable bequests will not alter your lifestyle and they can be easily modified to address your changing
needs. Perhaps these model provisions will be helpful to you and your attorney.
General Unrestricted Bequest Language
Since your charitable bequest may not come to Focus: HOPE for many years, general bequests are the most valuable as they allow Focus: HOPE to apply your funds wherever the need is greatest at the time.
I give to Focus: HOPE (Tax ID 38-1948285) a non-profit 501 (c) (3) organization located in Detroit, Michigan, the sum of $ ______(OR_____% of my estate OR the property described herein). The property comprising this gift may be used for its general support and charitable purposes without restriction, at the discretion of its trustees.
Restricted Bequest Language
As with any gift, donors can restrict bequests for specific purposes. If you create a restricted bequest, please give Focus: HOPE flexibility to meet unforeseen circumstances.
I give to Focus: HOPE (Tax ID 38-1948285), a non-profit 501 (c) (3) organization located in Detroit, Michigan, the sum of $ ______(OR_____% of my estate OR the property described herein) to be used for ___________________(specify purpose). If, in the opinion of the trustees or their successors, it becomes impossible or impractical for my gift to be used for the above charitable purpose, @[LegalName shall use my gift for a purpose and in a manner that most closely meets the above charitable purpose.
Contingent Bequest Language
Sometimes situations change after a will is drafted; the people and charities named in our will may not be there in the future. In such cases, naming Focus: HOPE as a contingent beneficiary can be a great alternative. If your will does not name contingent beneficiaries, the government will decide how to disburse your assets or might even inherit your estate.
If (insert name) is not living at the time of my demise (or if Name of Charity is no longer in existence), I give (a percentage of the estate, specific dollar amount, remainder of estate after all other bequests & expenses, etc.) to Focus: HOPE (Tax ID 38-1948285), a non-profit 501 (c) (3) organization located in Detroit, Michigan, to be used for its general support and charitable purposes without restriction (or you >may use the restricted bequest language above to define a specific purpose for your charitable bequest).