Legacy Giving
Attorneys can work with the Bunny Blessings Inc to help their clients provide legacy gifts to provide future support for our area. Contributions by will, trust, other forms of written designation, life-income arrangements and endowment gifts, all represent forms of legacy giving.
Any individual, at any point in their life, can create a legacy gift. It can be as easy as naming the Bunny Blessings Inc on the beneficiary form on a savings, checking or pension account, or through a more complex instrument like a charitable trust. All these gifts represent a powerful and meaningful way for individuals to create a philanthropic legacy for their community and the organizations they care about.
Below are some examples of sample bequest language that attorneys might use with the client:
Unrestricted gift (A gift that can be used where need is greatest): I give to the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC____% of my estate for its general purposes.
Gift for a Specific Purpose: I give to the Bunny Blessings Inc, , a nonprofit 501 © (3) corporation, located in Belmont, NC____% of my estate to be used for [state purpose]. In the event the purposes of the restriction, in the opinion of the Board of Directors, 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 Bunny Blessings Inc and (b) most nearly approximate the original purpose of the gift.
Unrestricted Perpetual Endowment Fund ( A gift that provides long-term support): I give to the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC_____% of my estate, to be used as a permanent endowment, the income only from which shall be used for its general purposes.
Restricted Perpetual Endowment Fund (A restricted gift that provides long-term support): I give to the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC____% of my estate , to be established as an endowed component fund, the income only from which shall be used for [state purpose]. In the event the purposes of the restriction, , in the opinion of the Board of Directors, 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 Bunny Blessings Inc and (b) most nearly approximate the original purpose of the gift.
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 the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC for its general purposes (or describe the specific purpose).
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, or as a result of a common disaster, then I give to the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC all of the rest, residue, and remainder of my estate, to be used for its general purposes (or describe the specific purpose).
Any individual, at any point in their life, can create a legacy gift. It can be as easy as naming the Bunny Blessings Inc on the beneficiary form on a savings, checking or pension account, or through a more complex instrument like a charitable trust. All these gifts represent a powerful and meaningful way for individuals to create a philanthropic legacy for their community and the organizations they care about.
Below are some examples of sample bequest language that attorneys might use with the client:
Unrestricted gift (A gift that can be used where need is greatest): I give to the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC____% of my estate for its general purposes.
Gift for a Specific Purpose: I give to the Bunny Blessings Inc, , a nonprofit 501 © (3) corporation, located in Belmont, NC____% of my estate to be used for [state purpose]. In the event the purposes of the restriction, in the opinion of the Board of Directors, 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 Bunny Blessings Inc and (b) most nearly approximate the original purpose of the gift.
Unrestricted Perpetual Endowment Fund ( A gift that provides long-term support): I give to the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC_____% of my estate, to be used as a permanent endowment, the income only from which shall be used for its general purposes.
Restricted Perpetual Endowment Fund (A restricted gift that provides long-term support): I give to the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC____% of my estate , to be established as an endowed component fund, the income only from which shall be used for [state purpose]. In the event the purposes of the restriction, , in the opinion of the Board of Directors, 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 Bunny Blessings Inc and (b) most nearly approximate the original purpose of the gift.
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 the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC for its general purposes (or describe the specific purpose).
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, or as a result of a common disaster, then I give to the Bunny Blessings Inc, a nonprofit 501 © (3) corporation, located in Belmont, NC all of the rest, residue, and remainder of my estate, to be used for its general purposes (or describe the specific purpose).
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