Planning Your Legacy
Suggested Language for a Gift in Your Will
Thank you so much for your interest in supporting the Greater Washington County Food Bank, (GWCFB) through a gift in your will. The clauses below may be helpful in preparing your estate documents and ensuring that your intentions are fulfilled. We are happy to work in consultation with your attorney if more extensive language specifically tailored to your gift is needed.
Specific
I give, devise and bequeath [identify here a percentage, specific sum of money, or a specific asset] to Greater Washington County Food Bank,/DBA Food Helpers, 1000 Horizon Vue Drive, Suite HQ1D15, Canonsburg, PA 15317, to be used for the exclusive benefit of GWCFB in such a manner as the Board of Directors of the Greater Washington County Food Bank of the thereof may direct.
Residuary
I give, devise and bequeath all [or a portion – for example, fifty percent (50%)} of the rest, residue and remainder of my estate to the Greater Washington County Food Bank,/DBA Food Helpers, 1000 Horizon Vue Drive, Suite HQ1D15, Canonsburg, PA 15377, to be used for the exclusive benefit of in such a manner as the Board of Directors of the Greater Washington County Food Bank of the thereof may direct.
Contingent
In the event that [insert name of primary beneficiary] shall not survive me, or shall die ninety (90) days from the date of my death, then I give, devise and bequeath [identify here a specific sum of money, a specific asset or the portion of the residual estate that would have been given to the primary beneficiary] to the Greater Washington County Food Bank/DBA Food Helpers, 1000 Horizon Vue Drive, Suite HQ1D15, Canonsburg, PA 15317, to be used for the exclusive benefit of GWCFB in such a manner as the Board of Directors of the Greater Washington County Food Bank of the thereof may direct.
Restricted
I give, devise and bequeath [identify here the specific sum of money, the specific asset or the portion of the residual estate] to o Greater Washington County Food Bank,/DBA Food Helpers, 1000 Horizon Vue Drive, Suite HQ1D15, Canonsburg, PA 15317, to be used for the exclusive benefit of Food Helpers in such a manner as the Board of Directors of the Greater Washington County Food Bank of the thereof may direct to be used specifically for [describe the primary purpose, such as general purposes of the organization, equipment, food purchases, or programs.
Use general language or coordinate with a representative of the Greater Washington County Food Bank so that the restriction is not so limited as to prevent the GWCFB from applying the money in the most efficient way. If it is determined by the Board of Directors of GWCFB that all or part of the gift is no longer needed, or for any reason cannot be used for the stated purpose, then such portion of the gift may be used for other related purposes, which the GWCFB Board of Directors deems to be in the best interests of the GWCFB, giving consideration to the original purposes described above.
Endowment
A gift of $100,000 or more is required to establish an endowment named fund by bequest. An endowment can also be established in a will or living trust. An endowment is a separately managed, restricted fund that is usually named for the donor, and is created with a bequest of $100,000 or more. Endowments provide ongoing support, because the income or a specific percentage of the fund is spent solely for the purpose designated by the donor while the principal is retained in perpetuity.
I give, devise and bequeath [identify here a percentage, specific sum of money, or a specific asset] to the Greater Washington County Food Bank/DBA Food Helpers, 1000 Horizon Vue Drive, Suite HQ1D15, Canonsburg, PA 15317, to be used for the exclusive benefit of GWCFB in such a manner as the Board of Directors of the Greater Washington County Food Bank of the thereof may direct, [insert here the sum, percentage, or description of property] to be held as a permanent endowment to be known as “The [insert name] Endowment Fund” to be used for the following purpose(s): [Description of purpose(s)].
If it is determined by the Board of Directors of GWCFB that all or part of the distributions (as defined by the endowment distribution policy established by the GWCFB Board of Directors and amended from time to time) from the fund are no longer needed for the purpose(s) stated, then distributions may be used for other purposes which the GWCFB Board of Directors deems to be in the best interest of the Greater Washington County Food Bank, giving consideration to the original purpose(s) described above.
Beneficiary Designation
When naming Greater Washington County Food Bank as a beneficiary of your will, retirement plan, IRA, life insurance, securities/brokerage account, or bank account, we recommend including the following information:
1000 Horizon Vue Drive, Suite HQ1D15
Canonsburg, PA 15317
Federal Tax ID Number: 23-2939247
George Omiros, CFRE, CAE, President & CEO,
(724) 632-2190 xl06
gomiros@foodhelpers.org
Greater Washington County Food Bank/Food Helpers, EIN 23-2939247, is a 501(c)(3) organization under section 509(a)(1) and 170 (b)(1)(A)(vi) of the IRS Code. The official registration and financial information of GWCFB may be obtained from the PA Dept. of State by calling toll-free, within PA, 1-800-732-0999.
Registration does not imply endorsement.