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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.
For any charitable bequest, the beneficiary must be named specifically and accurately. A bequest to Perseverance Ranch Equine Rescue & Sanctuary needs to be sent to 6700 Johnson Canyon Road, Kanab, Utah 84741.
Your estate is the sum of your assets, including property you own, insurance policies, retirement accounts, cash on hand, etc. Some people may have very large estates, but most people 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. Please think of Perseverance Ranch Equine Rescue & Sanctuary when you are making a Charitable Bequest.
We’ve listed some of the more common kinds of bequests, and some bequest language.
NOTE: We are not legal professionals, and we cannot give legal advise. We recommend that you carefully review the terms of your will with your attorney or other professional trained in handling trusts and estates.
“Saving just one horse will not change the world.
But surely it will change the world for that one horse.”
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 Perseverance Ranch Equine Rescue & Sanctuary.
General Bequest Language
“I give, devise, and bequeath to Perseverance Equine Rescue & Sanctuary, the sum of $________(or a description of the specific asset i.e, a vehicle, tools, tractor, land), for the benefit of Perseverance Equine Rescue & Sanctuary and its general purposes.”
Specific Bequests are made when a particular item or property is bequeathed for a designated purpose. (i.e, Horse care, feed, supplements, supplies, operating expenses)
Specific Bequest Language
“I give, devise, and bequeath to Perseverance Ranch Equine Rescue & Sanctuary, the sum of $_______ (or a description of a specific asset), for the benefit of Perseverance Ranch Equine Rescue & Sanctuary to be used for the following purpose: (state the purpose). If at any time in the judgment of the trustees of Perseverance Ranch Equine Rescue & Sanctuary it is impossible
or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose.”
Residuary Bequests are made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
Residuary Bequest Language
“All the rest, residue, and remainder of my estate, both real and personal, I give to Perseverance Ranch Equine Rescue & Sanctuary, for its general purposes.”
Contingency Bequests allow you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.
Contingency Bequest Language
“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 Perseverance Ranch Equine Rescue & Sanctuary, for its general purposes.”
Without a will or other legal instrument, there is no mechanism in place to make a bequest. Here are the steps you may take to ensure your wishes are granted.
Thank you,
“Roy” & Friends
Please fill out the form below, and we will be in touch as soon as possible.