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Bequest Language Bequests are the simplist form of giving that allows you to retain use and control over the asset during your lifetime. A gift of this nature also decreases estate taxes and avoids probate on the gifted asset. Leaving the Foundation in your will creates an endowment or a fund that generates annual income. The income is what will provide an annual gift to support your favorite charitable institution. A sample codicil could include: "I leave $-- or --% of the residue of my estate to Tampa Orlando Pinellas Jewish Foundation, Inc. to create an endowment fund to be known as (donor name) Endowment Fund benefiting (your charity name) with income from the endowment to be used for (list purpose). The principal of the endowment shall never be invaded."
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Phone: 800.373.5246 • E-mail: info@topjewishfoundation.org • ©2009 T.O.P. Jewish Foundation, Inc.
