© 2018 Seattle Parks Foundation

Seattle Parks Foundation is a 501(c)(3) non-profit organization.
Tax ID: 91-1998597

Sample Bequest Language

An excellent way for you to support Seattle Parks Foundation’s mission is to leave us a bequest in your will, or living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue using the property during your lifetime.

Types of Bequests

You can make a bequest to Seattle Parks Foundation in several ways:

Specific bequest. A gift of a specific asset such as real estate, a car or other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Seattle Parks Foundation.

Percentage bequest. Leaving a specific percentage of your overall estate. For example, you may wish to leave 10% of your estate to Seattle Parks Foundation.

Residual bequest. A bequest made from the balance of an estate after all specific bequests have been fulfilled. For example, you may wish to leave 30% of the residue of your estate to Seattle Parks Foundation.

Contingent bequest. A bequest made only if a primary bequest cannot be fulfilled. For example, you might choose to leave a vacation home to a relative, but specify that if the relative is not alive at the time of your death, the vacation home will go to Seattle Parks Foundation.

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 purpose or a specific purpose so you can be assured 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

To make a bequest to Seattle Parks Foundation, consult your legal advisor about including it in your estate plan. The following basic bequest language can assist you and your legal advisor.

I hereby give, devise and bequeath ________ and No/100 dollars to Seattle Parks Foundation, a nonprofit organization located at 105 S. Main Street #235, Seattle, WA, 98104, Federal Tax ID #91-1998597, for Seattle Parks Foundation’s general use and purpose.

I hereby give, devise and bequeath [description of property] to Seattle Parks Foundation, a nonprofit organization located at 105 S. Main Street #235, Seattle, WA, 98104, Federal Tax ID #91-1998597, for Seattle Parks Foundation’s general use and purpose.

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 Seattle Parks Foundation, a nonprofit organization located at 105 S. Main Street #235, Seattle, WA, 98104, Federal Tax ID #91-1998597, for Seattle Parks Foundation’s general use and purpose.

I hereby give, devise and bequeath ____ percent [___%] of my total estate, determined as of the date of my death, to Seattle Parks Foundation, a nonprofit organization located at 105 S. Main Street #235, Seattle, WA, 98104, Federal Tax ID #91-1998597, for Seattle Parks Foundation’s general use and purpose.

I hereby give, devise and bequeath to Seattle Parks Foundation, a nonprofit organization located at 105 S. Main Street #235, Seattle, WA, 98104, Federal Tax ID #91-1998597, [all or ___%] of the rest, residue and remainder of my estate to be used for Seattle Parks Foundation’s general use and purpose.

If [primary beneficiary] does not survive me, then I hereby give, devise and bequeath to Seattle Parks Foundation, a nonprofit organization located at 105 S. Main Street #235, Seattle, WA, 98104, Federal Tax ID #91-1998597, [description of property] for Seattle Parks Foundation’s general use and purpose.

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 legal advisor to identify ways to meet your charitable objectives and craft language to accomplish your goals. If you are making a restricted bequest, we recommend that your legal advisor include the following provision to give Seattle Parks Foundation flexibility should it no longer be possible for us to use your gift as you originally intended:

If, in the judgment of the Board of Directors of Seattle Parks Foundation, it shall become impossible for Seattle Parks Foundation to use this bequest to accomplish the specific purposes of this bequest, Seattle Parks Foundation 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.