Sample Bequest Language

The following are examples of three outright gift provisions in support of the mission and vision of the Elizabeth Glaser Pediatric AIDS Foundation. The sample language illustrates how a bequest or a gift through a living trust can be accomplished and is intended to be used for educational purposes rather than as a substitute for legal advice. We encourage donors to share this information with their legal counsel and financial advisors, and recommend that anyone undertaking estate planning do so with the consultation of an attorney. For questions, please contact EGPAF's Major Gifts Officer, Colleen Hughes at chughes@pedaids.org or 202-470-1041.

Cash Bequest to the Elizabeth Glaser Pediatric AIDS Foundation
A cash bequest provides the Elizabeth Glaser Pediatric AIDS Foundation with a specified sum of money from a donor's estate. These bequests are fulfilled second, after specific and before residuary bequests.

"I give _____ Dollars ($_____) to the Elizabeth Glaser Pediatric AIDS Foundation, a 501 (c) 3 Washington, D.C. non-profit corporation, 1140 Connecticut Avenue, NW, Suite 200, Washington, D.C. to further the objectives and purposes of the Elizabeth Glaser Pediatric AIDS Foundation."

Residuary Bequest to the Elizabeth Glaser Pediatric AIDS Foundation
A residuary bequest is made from the residue, or what remains in a donor's estate after specific and cash bequests, taxes, settlement costs and debts are satisfied. This type of bequest is sensitive to changes in the size of the estate over time.

"I give the residue (or _____ percent of the residue) of my estate to the Elizabeth Glaser Pediatric AIDS Foundation, a a 501 (c) 3 Washington, D.C. non-profit corporation, 1140 Connecticut Avenue, NW, Suite 200, Washington, D.C. to further the objectives and purposes of the Elizabeth Glaser Pediatric AIDS Foundation"

Specific Bequest to the Elizabeth Glaser Pediatric AIDS Foundation

A specific bequest gives a specific item or specific piece of property* to the Elizabeth Glaser Pediatric AIDS Foundation. Such bequests are fulfilled first, before cash and residuary bequests. If the donor disposes of the specified property during his or her lifetime, there will be no bequest to the Elizabeth Glaser Pediatric AIDS Foundation.



"I give ________________ (describe asset) to the Elizabeth Glaser Pediatric AIDS Foundation, a 501 (c) 3 Washington, D.C. non-profit corporation, 1140 Connecticut Avenue, NW, Suite 200, Washington, D.C. 20036 to further the objectives and purposes of the Elizabeth Glaser Pediatric AIDS Foundation."
*In order to make sure your item or property will be accepted for sale, please contact the EGPAF Office of Gift Planning before adding a specific item or piece of property gifted to EGPAF as part of your estate planning.

*In order to make sure your item or property will be accepted for sale, please contact EGPAF's Major Gifts Officer, Colleen Hughes, at chughes@pedaids.org or 202-470-1041 before adding a specific item or piece of property gifted to EGPAF as part of your estate planning.

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A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

A charitable bequest is one or two sentences in your will or living trust that leave to the Elizabeth Glaser Pediatric AIDS Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the Elizabeth Glaser Pediatric AIDS Foundation, a nonprofit corporation currently located at 1140 Connecticut Avenue, NW, Suite 200, Washington, D.C. 20036, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to EGPAF or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support ending pediatric HIV/AIDS.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to EGPAF as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to EGPAF as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and EGPAF where you agree to make a gift to EGPAF and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.