Planned giving information

Application

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PLANNED GIVING
BEQUEST PROVISION IN YOUR WILL OR LIVING TRUST
You may provide a future gift to Marycrest Manor, Inc., by including a provision for same in your will or revocable trust.

SAMPLE BEQUEST PROVISIONS
GIFT TO BE USED FOR GENERAL PURPOSES:
I give to Marycrest Manor, Inc., a non-profit 501 (C)(3) corporation, located at 15475 Middlebelt Rd., Livonia, Michigan, the sum of * for its general purposes (or you may state a specific purpose).
(* In lieu of a dollar amount you may state a percentage of your estate, or a description of specific property you wish to give, such as shares of corporate stock, real estate, jewelry, etc.)

Or, one may make a residuary bequest which gifts the remainder of the estate after all other bequests have been paid, as follows:
All the rest, residue, and remainder of my estate, both real and personal, I give to Marycrest Manor, Inc., a non-profit 501 (C)(3) corporation, located at 15475 Middlebelt Rd., Livonia, Michigan, for its general purposes (or you may state a specific purpose).

NOTE: A bequest from a will, or a trust distribution, to a nonಯfit 501 (C)(3) corporation, such as Marycrest Manor, Inc., is normally fully deductible for federal estate tax purposes, and state inheritance taxes. Please consult with your legal and/or tax advisors.


Bequest Through Will or Living Trust (Sample language)

宲esticted Gift: A gift that can be used where need is greatest I give to a non-profit 501(c)(3) Corporation, headquartered in the sum of $ * for its general purposes.
穦t for a Specific Purpose: A gift that is to be used for a specific purpose I give to , a non-profit 501 (c)(3) Corporation, headquartered in the sum of $ * to be used for [state purpose].
ॲpetual Endowment Fund: A gift that lasts in perpetuity I give to a non-profit 501 (c)(3) Corporation, headquartered in 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).
钥siduary 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 a non-profit 501(c)(3) Corporation, headquartered in for its general purposes.
郯ntingency Gift: 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 a non-profit 501(c)(3) Corporation, headquartered in j all of the rest, residue, and remainder of my estate, to be used for its benefit.
铡fety Language: Language added whenever a gift is restricted In the event the purposes of the restriction, in the opinion of the Board of Directors of 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 charity (b) most nearly approximate the original purpose of the gift; and (c) benefits charity.

* Rather than leaving a sum certain, you can include language that refers to a percentage of your estate or a description of the property you wish to give.