As you consider a bequest to the American Floral Endowment, you and your attorney may find it helpful to have the following wording for different types of bequest provisions. If you have a revocable living trust, similar language can be included in the provisions of the trust instrument.
- Specific sum of money
“I give to the American Floral Endowment Foundation, a District of Columbia non-profit corporation, or its successor organization, the sum of [insert here the exact dollar amount].”
- Specific property such as real estate, stocks, bonds, works of art, or other items
“I give to the American Floral Endowment Foundation, a District of Columbia non-profit corporation, or its successor organization, [insert here a description of the particular property].”
- Rest and residue of estate after paying debts, taxes, expenses, and other bequests
“I give to the American Floral Endowment Foundation, a District of Columbia non-profit corporation, or its successor organization, all [or a stated percentage] of the rest, residue, and remainder of my estate.”
- Contingent bequest if you are not survived by certain individuals
“If [name/s of primary beneficiary/ies] do/es not survive me, or shall die within ninety (90) days from the date of my death, or as a result of a common disaster, then I give to the American Floral Endowment, a District of Columbia non-profit corporation, or its successor organization, [insert here the exact dollar amount, description of the property, or percentage of the residual estate].”
AFE’s Tax ID Number is: #23-6268380
Whatever the form of the bequest, it may be designated for unrestricted use, restricted use (scholarship or research), or to establish a named fund (assuming it meets certain size requirements). To do so, add the following wording after the gifting language above:
- Unrestricted Use
“…, to be used for such purposes as the Board of Trustees of the American Floral Endowment may determine.”
- Restricted Use
“…, to be used for student scholarships.” Or “…, to be used for research.”
- Establishment of a Named Fund
“I give …. This gift may be merged with any of the investment assets of the American Floral Endowment, but it shall be entered in the American Floral Endowment’s books and records as the John and Mary Jones (Scholarship, Research) Fund. The income from the endowment shall be used to. . . (support the general expenses of the organization, research, or scholarship.).”
If you wish to further restrict your gift, please check with us to determine if your restriction is consistent with the mission and guidelines of the American Floral Endowment.
In addition, it is recommended that the following paragraph be added if the bequest is either for restricted use or to establish a named fund:
“If in the opinion of the Board of Trustees of the American Floral Endowment, it should become impossible, inadvisable, or impractical to use this gift for the specified purpose(s), then the Board may in its discretion use the gift to the best advantage of the American Floral Endowment, keeping in mind the original wishes of the donor. In any such alternative application, the support provided by this bequest shall be clearly identified with the name of JOHN AND MARY JONES.”
Please note: This wording is intended to be used as sample wording only and is provided solely as a courtesy for our donors to share with their attorney. It should not be relied upon as a substitute for professional advice.