Charitable Bequests:A charitable bequest is simply a distribution from your estate to a charitable organization through your last will and testament. There are different kinds of bequests. For each, you must use very specific language to indicate the precise direction of your assets, and to successfully carry out your final wishes. In any charitable bequest, be sure to name the recipient accurately. A bequest to The Cancer Society might go to national headquarters, when you meant it to go to the affiliate in your community. A. Do you have an estate? B. Your estate is the sum of your assets, including property you own, insurance policies, retirement accounts, cash on hand, etc. Wealthy people may have very large estates, but even people who aren't wealthy often have the resources to make a charitable bequest. If every adult in America made a will and included a bequest of just $100, billions of dollars would flow to charitable causes every year. Below, we have listed some of the more common kinds of bequests, and some bequest language. We always recommend that you carefully review the terms of your will with a professional trained in handling trusts and estates.General bequest language:
General Bequests are legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the cause of your choice.
"I give, devise, and bequeath to the Adapt & Overcome Program, the sum of $________(or a description of the specific asset), for the benefit of the Adapt & Overcome Program and its general purposes."Specific bequest language:
Specific Bequests are made when a particular item or property is bequeathed for a designated purpose. (i.e., instruments bequeathed to the local school district for use in music education; dollar funds to be used in the operation of a school or church.)
"I give, devise, and bequeath to the Adapt & Overcome Program the sum of $_______ (or a description of a specific asset), for the benefit of the Adapt & Overcome Program to be used for the following purpose: FULFILL MISSION; If at any time in the judgment of the trustees of
the Adapt & Overcome Program it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose."
Residuary bequest language:Residuary Bequests are made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
"All the rest, residue, and remainder of my estate, both real and personal, I give to the Adapt & Overcome Program , for its general purposes."Contingency bequest language:Contingency Bequests allow you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.
"I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name of beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to the Adapt & Overcome Program for its general purposes."
Without a will, there is no mechanism in place to make a bequest, so here are the steps you should take to make sure your wishes are granted. Make a list of organizations or causes that you would like to support.Make a detailed list of your assets (financial, real estate, vehicles, jewelry, collectibles, musical instruments, etc.)Set up an appointment with your financial analyst or attorney, or planned giving officer at the organization you intend to support. These professionals will help sensitively guide you through the process.
The Adapt & Overcome Program is a volunteer-driven organization. If you never served in the military, now is your chance to serve those who protected you and your family. Here are a few ways you can help (bet you can come up with more):
* Hold a fundraising event
* Offer to mentor a veteran in your particular area of expertise
* Get your employer to start or add The Adapt & Overcome Program to a matching donor program (we’re already listed by Microsoft and IBM)
* Offer your time in your area of expertise (web design, brochure/graphic design, video editing…)
Your monetary contribution will directly support the work of the the Adapt & Overcome Program.
Funds are distributed to support our many programs.
The Adapt & Overcome Program: we strive to keep administrative costs as low as possible so that more of your gift directly supports our programs.Donations of any amount are accepted and will help provide more event tickets for those who are serving or have served this great nation.All monetary contributions to The Adapt & Overcome Program are tax deductible under section 170 of the IRS Code.
Like any charitable organization or non-profit group, The Adapt & Overcome Program 501c(3) relies solely on the generosity of the public and our constituents for donations and financial support in carrying out our mission of enriching the lives of our Military and Veterans by providing reintegration opportunities and family bonding experiences through socially interactive events and competitive Events.
The Adapt & Overcome Program hopes that you, your business and/or your corporation will consider making a donation or help by sponsoring our Programs. We cannot carry on this mission without YOU!
There are a number of ways you can support The Adapt & Overcome Program! Choose any of the following that best fit your ability to help!