Sample Bequest Language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a charitable gift in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. General Bequest If you are considering making a general bequest to The Catholic Foundation for the benefit of The St. Joseph Catholic Church Endowment Fund, we recommend the following language:
Bequest of a Specific Dollar Amount I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The St. Joseph Catholic Church Endowment Fund, to be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of St. Joseph Catholic Church located at 600 S. Jupiter Road, Richardson, TX 75081.
2. Specific Bequest
If you are considering making a specific bequest to The Catholic Foundation for the benefit of The St. Joseph Catholic Church Endowment Fund, we recommend the following language:
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The St. Joseph Catholic Church Endowment Fund, to be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of St. Joseph Catholic Church located at 600 S. Jupiter Road, Richardson, Texas 75081.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The St. Joseph Catholic Church Endowment Fund, to be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of St. Joseph Catholic Church located at 600 S. Jupiter Road, Richardson, Texas 75081.
3. Percentage Bequest
If you are considering making a bequest of a percentage of your estate to The St. Joseph Catholic Church Endowment Fund of The Catholic Foundation, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The St. Joseph Catholic Church Endowment Fund, to be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of St. Joseph Catholic Church located at 600 S. Jupiter Road, Richardson, Texas 75081.
4. Residual Bequest
I hereby give, devise and bequeath to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The St. Joseph Catholic Church Endowment Fund, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate, which shall be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of St. Joseph Catholic Church located at 600 S. Jupiter Road, Richardson, Texas 75081.
5. Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The St. Joseph Catholic Church Endowment Fund, a DESCRIPTION OF PROPERTY, which shall be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of St. Joseph Catholic Church located at 600 S. Jupiter Road, Richardson, TX 75081.
6. Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give The Catholic Foundation flexibility should it no longer be possible for our The Catholic Foundation to use your gift as you originally intended:
If, in the judgment of the Board of Trustees of The Catholic Foundation, it shall become impossible for The Catholic Foundation to use this bequest to accomplish the specific purposes of this bequest, The Catholic Foundation may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Contact Us
Please contact us if you have any questions about how to make a bequest to The Catholic Foundation for the benefit of The St. Joseph Catholic Church Endowment Fund or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
If you have included a bequest to The Catholic Foundation for the benefit of The St. Joseph Catholic Church Endowment Fund in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift. Call or email Emily White, Director of Business Operations, at 972-239-2951 x1004, emilyw@stjosephcc.net