Wills & Trust


HOW IT WORKS

 Support the Foundation and Help the Shriners Hospitals for Children

 

Make a bequest in your Will or Trust document by naming the Foundation as a beneficiary. Typically there are three ways of providing a gift to the Foundation that will continue its Mission and make a difference in the lives of future generations. These can be easily modified if your financial circumstances change.

·         Residual bequests – An example of a residual bequest is:

I give, devise and bequeath an undivided one-half share of the residue of my estate to the Daughters of the Nile Foundation. I further direct that the Personal Representative of my Estate (or Trustee) shall pay such remainder share solely from assets of my estate that constitute “Income In Respect of a Decedent” within the meaning of IRC § 691 and from the assets of my estate.

·         Specific bequests – An example of a specific bequest is:

I give, devise and bequeath the sum of $25,000.00 to the Daughters of the Nile Foundation. I further direct that the Personal Representative of my Estate (or Trustee) shall pay such specific gift, devise and bequest solely from assets of my estate that constitute “Income In Respect of a Decedent” within the meaning of IRC § 691, then from other income of my estate, and if such other income is insufficient, then from the other assets of my estate.

·         Contingent bequests – An example of a contingent bequest is:

Upon my death, I give, devise and bequeath all of the residue of my estate to my child. In the event my child is not living at the time of my death, then the gift to her shall lapse and then I give, devise and bequeath all of the residue of my estate to the Daughters of the Nile Foundation.

The policy of the Foundation is that a gift will be added to the permanent endowment. If you want the gift to go to the Shriners Hospitals for Children®, the bequest should read: To the Daughters of the Nile Foundation to be added to the Convalescent Relief Account of the Foundation for distribution to the Shriners Hospitals for Children.

 

 


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