Gift Planning: Bequests and Charitable Gift Planning

Sample Bequest Language

Here are some common examples you can incorporate into your will to benefit the SME Education Foundation.

Unrestricted General Estate Gift
"I give, devise, and bequest the sum of $__________________ or _______% of my adjusted gross estate to the Society of Manufacturing Engineers Education Foundation, a not-for-profit organization as designated by the Internal Revenue Service in section 501(c)(3), incorporated in the State of Michigan, its principal office being located in Dearborn, Michigan for is unrestricted use to enhance its ongoing programs."

Estate Gift for Specific Purpose
"I give, devise, and bequeath the sum of $_______________ or _______% of my adjusted gross estate to support ________________ (i.e., scholarships, youth programs, education programs) at the Society of Manufacturing Engineers Education Foundation, a not-for-profit organization as designated by the Internal Revenue Service in section 501(c)(3), incorporated in the State of Michigan, its principal office being located in Dearborn, Michigan. If this purpose is no longer applicable / useful, the Board of Directors may take action to use it for other areas of need."

Estate Gift Restricted to Established Endowment
"I give, devise, and bequeath the sum of $____________ or ____________% of my adjusted gross estate to be added to the ____________________________ endowment at the Society of Manufacturing Engineers Education Foundation, a not-for-profit organization as designated by the Internal Revenue Service in section 501(c)(3), incorporated in the State of Michigan, its principal office being located in Dearborn, Michigan.

Gift Dependent on Size of Estate
"I give, devise, and bequeath ______% of my adjusted gross estate to the Society of Manufacturing Engineers Education Foundation, a not-for-profit organization as designated by the Internal Revenue Service in section 501(c)(3), incorporated in the State of Michigan, its principal office being located in Dearborn, Michigan for is unrestricted use to enhance its ongoing programs."

Estate Gift of Specific Property
"I give, devise, and bequeath all my right, title and interest in and to _________________________________________________(describe property) to the Society of Manufacturing Engineers Education Foundation, a not-for-profit organization as designated by the Internal Revenue Service in section 501(c)(3), incorporated in the State of Michigan, its principal office being located in Dearborn, Michigan for is unrestricted use to enhance its ongoing programs."

Estate Gift of Residue
"I give, devise, and bequeath my residuary estate, which is all thre rest, residue, and remainder of the property owned by me at my death, real and personal, to the Society of Manufacturing Engineers Education Foundation, a not-for-profit organization as designated by the Internal Revenue Service in section 501(c)(3), incorporated in the State of Michigan, its principal office being located in Dearborn, Michigan for is unrestricted use to enhance its ongoing programs."

The SME Education Foundation needs your continued support. For 30 years the Society of Manufacturing Engineers Education Foundation has been dedicated to the advancement of manufacturing education. Through hard work, creative thinking and consistent support from manufacturing leaders like yourself, we have become a dominant force in designing innovative programs that attract and prepare the next generation of manufacturing workers.

We have accomplished a great deal but there is still so much work to be done! We urge you to seriously consider including a gift though your estate plan to further the work of the SME Education Foundation.

An estate gift has these benefits:

Simplicity—Just insert a few sentences into your will or trust.
Flexibility—Because you are not completing the gift until after your lifetime, you can change the beneficiaries at any time.
Versatility—You can structure the bequest to leave a specific item or amount of money or leave a percentage of your estate.
Tax relief—When you make a gift to the Education Foundation in your will, your estate is entitled to an estate tax charitable deduction for the gift's full value.

More information about estate planning can be found at www.smeef.org.

To discuss specific areas of interest in detail, contact Bart Aslin, Chief Operating Officer, SME Education Foundation, at 313-425-3302 or baslin@sme.org.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.