Sample Gift Language for your Will or Revocable Living Trust

A gift to Voices Of Variety 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 Voices Of Variety(Tax ID #80-0825890), located in South holland, IL, 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 area or program*).

Specific Gift Language

Naming Voices Of Variety as a beneficiary of a specific amount from your estate is easy:

I give and devise to Voices Of Variety (Tax ID #80-0825890), located in South Holland, IL, the sum of $___________ (or asset) to be used for its general support (or for the support of a area or program*).

Contingent Gift Language

Voices Of Variety 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 Voices Of Variety (Tax ID #80-0825890), located in South Holland, IL, 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 area or program*).

Retirement Plan Beneficiary Language

You may name Voices Of Variety (Tax ID #80-0825890) 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 Voices Of Variety 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 Voices Of Variety 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 Voices Of Variety 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 Voices Of Variety. We can also assist you with the proper language for your beneficiary designation to Voices Of Variety.

*Recommended Provision for All Restricted Gifts

The ensure that “VOV” will be able to make use of all bequests intended to support its mission, we encourage inclusion of the following language:

“If, in the opinion of the Board of Trustees of Voices Of Variety, the need for funds for the purpose described above no longer exists at some future date, the Trustees are authorized to use these funds in the best interest of “VOV” for a purpose as similar as practicable to the donor’s stated interest.”

Customized Language

If you or your attorney would like Voices Of Variety to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.

Need a codicil? Please click here to download.

Next: Will Planning Wizard

Please contact us so that we can assist you through every step of the process.

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The material presented on this Planned Giving website is not offered as legal or tax advice.
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