Definitions and Sample Language for Bequests

Here are definitions and sample language for bequests to help you. The Whidbey Animals’ Improvement Foundation, its employees or representatives, do not provide financial or legal advice. This information is provided for planning purposes only. WAIF strongly urges prospective donors to consult attorneys or professional advisors before finalizing any decisions.

Definitions and Sample Language for Bequests

Unrestricted Gift

A gift that can be used where need or opportunity is greatest:

I give to Whidbey Animals’ Improvement Foundation (tax I.D. number 91-1488861), a non-profit 501(c)(3) corporation, located in Coupeville, WA the sum of $_______* for its general purposes.

Gift for a Specific Purpose

A gift for a specific project, program, or facilities need:

I give to Whidbey Animals’ Improvement Foundation (tax I.D. number 91-1488861), a non-profit 501(c)(3) corporation, located in Coupeville, WA the sum of $_______* to be used for [state purpose]. In the event the purposes of the restriction, in the opinion of the Board of Directors of the Whidbey Animals’ Improvement Foundation, can no longer be served, the Board may devote any remaining assets exclusively for charitable purposes that: (a) are within the scope of the charitable purposes of the Whidbey Animals’ Improvement Foundation, and (b) most nearly approximate the original purpose of the gift.

Perpetual Endowment Fund

A gift that benefits WAIF in perpetuity:

I give to Whidbey Animals’ Improvement Foundation (tax I.D. number 91-1488861), a non-profit 501(c)(3) corporation, located in Coupeville, WA the sum of $_______*, to be used as a permanent endowment, the income only from which shall be used for its general purposes (or describe the specific purpose, if desired).

Residuary Bequest

Leaves any remainder after all other bequests have been paid:

All the rest, residue, and remainder of my estate, both real and personal, I give to Whidbey Animals’ Improvement Foundation (tax I.D. number 91-1488861), a non-profit 501(c)(3) corporation, located in Coupeville, WA for its general purposes.

Contingent Bequest

Takes effect only if a primary intention can’t be met:

If (name of beneficiary) does not survive me, or shall die during the administration of my estate, then I give to Whidbey Animals’ Improvement Foundation (tax I.D. number 91-1488861), a non-profit 501(c)(3) corporation, located in Coupeville, WA all of the rest, residue, and remainder of my estate, to be used for its benefit.

* Rather than leaving a sum certain, you may specify a percentage of your estate or a description of the property or material you wish to give.