If you intend to leave an outright gift of cash, securities or other property by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to WSLR, INC to be used for general purposes:
“After taking care of all expenses, debts and other provisions, I give, devise and bequeath ___ percent of the rest and residue [or $___ if a specific amount] to WSLR, INC, a Florida-based charitable organization [Tax ID# 56-2485148] currently with administrative offices at 525 KUMQUAT COURT, Sarasota, FL. 34236.”
If you intend to make an outright bequest for a specific purpose, such as to support the news department or Fogartyville events:
“I, [name], of [city, state, ZIP], give, devise and bequeath to WSLR, INC [written amount or percentage of the estate or description of property] for its charitable purposes, including but not limited to ___________ use and purpose.”
If you wish to make a contingency gift so that WSLR, INC will receive a portion of your estate if your named beneficiary does not survive you:
“If any of the beneficiaries named in this will should die before becoming entitled to receive their distributive share of my estate, I direct my trustee to pay or transfer the share to which such beneficiary would otherwise be entitled, to WSLR, INC for its unrestricted use and purpose.”
If at any point in time and for any reason, you wish to make changes to include WSLR, INC in your will, you can easily amend it by using a Codicil. A codicil is a document your attorney can prepare to amend your will or trust without rewriting the entire document. The codicil adds a new gift to WSLR, INC while reaffirming the other terms of your will.
Please consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.
Copyright WSLR+Fogartyville 2005-2023
WSLR+Fogartyville is a center for creative expression and community engagement that amplifies the voices of our diverse community, and promotes peace, sustainability, democracy, and economic and social justice.