Bequests
A bequest is a simple way to provide now for a future gift to Garden School. If you designate Garden as a beneficiary of your will or trust, your assets will remain in your control during your lifetime, and you can modify your bequest as needed if your circumstances change. By naming Garden in your will or trust, you may also be eligible for estate tax benefits.
A bequest can be made in several ways:
- You can gift a specific dollar amount or asset
- You can gift a percentage of your estate
- You can gift from the balance or residue of your estate
- You can make a beneficiary designation of certain assets
If you would like to include Garden School in your estate plans, we encourage you to review our suggested bequest language with your advisor.
Suggested Bequest Language
- If you would like to make a residuary bequest which provides a benefit to Garden after all other beneficiaries and expenses have been paid: “I give to Garden School, a NY nonprofit corporation, or its successor, Federal Tax Identification Number 11-1631783, all [or a portion] of the rest, residue and remainder of my estate.”
- If you would like to make a general bequest of an exact sum to Garden: “I give to Garden School, a NY nonprofit corporation, or its successor, Federal Tax Identification Number 11-1631783 [insert here the exact dollar amount].”
- If you would like to make a specific bequest of a certain asset from your estate: “I give to Garden School, a NY nonprofit corporation, or its successor, Federal Tax Identification Number 11-1631783, [insert here a description of the particular property].”
- If you would like to make a contingent bequest which provides a benefit to Garden if you are not survived by certain individuals: “If [name/s of primary beneficiary/ies] do/es not survive me, or shall die within ninety (90) days from the date of my death, or as a result of a common disaster, then I give to Garden School, a NY nonprofit corporation, or its successor, Federal Tax Identification Number 11-1631783, [insert here the exact dollar amount, description of property, or percentage of residual estate].”
The information contained herein is not intended as legal or tax advice. We recommend that you consult with your attorney or financial advisor for questions concerning your individual situation.
Have you already left a bequest to Garden School? Let us know! Fill out this form so we can properly thank you.
