Sunshine Communities's Bequest Language
Supporting Sunshine with a bequest in your will, living trust, or with a codicil offers a significant benefit to you as well: During your lifetime, you continue to use the property you will leave to Sunshine after your death. That's security for you and your family, even as you create a lasting legacy for people with developmental disabilities.
There are several ways to make a bequest to Sunshine Communities.
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Sunshine Communities in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific bequest
If you are considering making an outright bequest to Sunshine Foundation, Inc., we recommend the following language:
If you are considering making a bequest of a percentage of your estate to Sunshine Communities, we recommend the following language:
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Sunshine Foundation, Inc. flexibility should it no longer be possible for our Sunshine Foundation, Inc. to use your gift as you originally intended:
We're happy to help. Contact us with your questions about making a bequest to Sunshine Communities. We can provide information to you or your attorney as you consider a bequest to Sunshine Communities.
Types of bequests
There are several ways to make a bequest to Sunshine Communities.
Specific bequest. Make a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Sunshine Foundation, Inc.
Percentage bequest. Leave a specific percentage of your overall estate. For example, you may wish to leave 10% of your estate to Sunshine Foundation, Inc.
Residual bequest. Leave the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Sunshine Foundation, Inc.
Contingent bequest. Make a bequest to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative. The bequest language could provide that the vacation home will be left to Sunshine Foundation, Inc. if that relative is not alive at the time of your death.
Percentage bequest. Leave a specific percentage of your overall estate. For example, you may wish to leave 10% of your estate to Sunshine Foundation, Inc.
Residual bequest. Leave the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Sunshine Foundation, Inc.
Contingent bequest. Make a bequest to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative. The bequest language could provide that the vacation home will be left to Sunshine Foundation, Inc. if that relative is not alive at the time of your death.
Bequest benefits
A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Bequest language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Sunshine Communities in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific bequest
If you are considering making an outright bequest to Sunshine Foundation, Inc., we recommend the following language:
Bequest of a specific dollar amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, for Sunshine Foundation, Inc.'s general use and purpose.
Bequest of specific personal property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, for Sunshine Foundation, Inc.'s general use and purpose.
Bequest of specific real estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, for Sunshine Foundation, Inc.'s general use and purpose.
2. Percentage bequestI hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, for Sunshine Foundation, Inc.'s general use and purpose.
Bequest of specific personal property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, for Sunshine Foundation, Inc.'s general use and purpose.
Bequest of specific real estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, for Sunshine Foundation, Inc.'s general use and purpose.
If you are considering making a bequest of a percentage of your estate to Sunshine Communities, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, for Sunshine Foundation, Inc.'s general use and purpose.
3. Residual bequestI hereby give, devise and bequeath to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Sunshine Foundation, Inc.'s general use and purpose.
4. Contingent bequestIf (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Sunshine Foundation, Inc., a nonprofit organization located at 7223 Maumee Western Road, Maumee, OH, 43537-8656, Federal Tax ID #34-1456069, DESCRIPTION OF PROPERTY to be used for Sunshine Foundation, Inc.'s general use and purpose.
Restricted bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Sunshine Foundation, Inc. flexibility should it no longer be possible for our Sunshine Foundation, Inc. to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Sunshine Foundation, Inc., it shall become impossible for Sunshine Foundation, Inc. to use this bequest to accomplish the specific purposes of this bequest, Sunshine Foundation, Inc. may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Contact us
We're happy to help. Contact us with your questions about making a bequest to Sunshine Communities. We can provide information to you or your attorney as you consider a bequest to Sunshine Communities.