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Your bequest can be a specific dollar amount or a percentage of your estate. Your bequest may be given for general use or you can designate a specific purpose. Many donors establish endowments that honor the memory of a family member or loved one. Endowments live forever because only a portion of the fund’s earnings are available for spending annually.
Specific bequests are used to make a gift of a specific dollar amount or specific asset (such as securities, real estate, or personal property).
Residuary bequests are used to give all or a portion of the remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.
Unrestricted: the most impactful bequest is unrestricted, allowing the funds to be used wherever the Center’s need is greatest and enhancing the Center’s ability to continue its mission of providing grief support to children and their families.
Restricted: You may designate your bequest gift to support a specific program or purpose that reflects your interests (ex. specific programs or locations).
If your request is restricted to a specific purpose, it is important that the following wording be added at the end of the provision. This will ensure that, in the remote possibility a specified purpose may cease to need funds in the future, an alternate use for the bequest may be determined.
If changed circumstances should at some future time make it impossible or impractical to carry out exactly the above purpose in the above manner, then Children’s Bereavement Center of South Texas’s Board of Directors may change the purpose and manner as near as is practical to the original intent.
Because a will is an important legal document, you should seek an attorney’s help. To assist you with this important process, we offer suggested wording below.
We know that each individual situation is unique. Therefore, these examples include only some of the possible gift opportunities. We encourage you to discuss your intentions with us at the Center to ensure that your wishes will be properly followed and recognized.
“I give to Children’s Bereavement Center of South Texas Foundation, a nonprofit organization located at 205 W. Olmos, San Antonio, Texas 78212 (Federal Tax ID Number ), ___percent (%) of the remainder of my estate to advance its mission of healing the hearts of grieving children.”
“I give to Children’s Bereavement Center of South Texas Foundation, a nonprofit organization located at 205 W. Olmos, San Antonio, Texas 78212 (Federal Tax ID Number ), ___percent (%) of the remainder of my estate to establish the _____________ Endowed Fund. The portion of this fund available for spending each year shall be used to ___________________. Contributions may be added to the Fund at any time. If changed circumstances should at some future time make it impossible or impractical to carry out exactly the above purpose in the above manner, then Children’s Bereavement Center of South Texas’s Board of Directors may change the purpose and manner as near as is practical to the original intent.”
Please contact Kristina Hernandez, Development Director, at 210-736-4847 or khernandez@cbcst.org or Marian Sokol, Executive Director, at 210-736-4847 or msokol@cbcst.org to discuss your intentions and to share the news of your future gift!
