Sample Bequest Language
Proper wording in your estate plan is key to ensuring your wishes are carried out correctly. Below is some sample bequest language. This information is not intended as tax or legal advice. We recommend that you consult with your legal and financial advisors to learn how a gift would work in your circumstances. Laws and regulations governing all gifts and availability of certain life income gifts vary by state.
General Purpose Specific Bequest
I give, devise, bequeath, ______ (insert dollar amount to be donated) to the NCPA Foundation, or its successor organization, a nonprofit corporation as described in section 170(c) of the Internal Revenue Code, with federal tax identification number 90-0633086, and with national headquarters located at 100 Daingerfield Road, Alexandria, VA 22314, to be used for advances in independent community pharmacy.
General Purpose Residuary Bequest
I give, devise, bequeath, ______ (insert % amount) of all the rest, residue and remainder of my estate to the NCPA Foundation, or its successor organization, a nonprofit corporation as described in section 170(c) of the Internal Revenue Code, with federal tax identification number 90-0633086, and with national headquarters located at 100 Daingerfield Road, Alexandria, VA 22314, to be used for advances in independent community pharmacy.
Restricted Purpose Specific Bequest
I give, devise, bequeath, ______ (insert dollar amount to be donated) to the NCPA Foundation, or its successor organization, a nonprofit corporation as described in section 170(c) of the Internal Revenue Code, with federal tax identification number 90-0633086, and with national headquarters located at 100 Daingerfield Road, Alexandria, VA 22314, to be used exclusively for ______ [insert restricted use language here such as: scholarships, awards, disaster response fund, etc.].
Restricted Purpose Residual Bequest
I give, devise, bequeath, ______ (insert % amount) of all the rest, residue and remainder of my estate to the NCPA Foundation, or its successor organization, a nonprofit corporation as described in section 170(c) of the Internal Revenue Code, with federal tax identification number 90-0633086, and with national headquarters located at 100 Daingerfield Road, Alexandria, VA 22314, to be used exclusively for ______ [insert restricted use language here such as: scholarships, awards, disaster response fund, etc.].