SAMPLE LANGUAGE FOR CHARITABLE BEQUESTS The following provides some suggested methods and wording for remembering Living Hope Community Centre in your Will.
SPECIFIC BEQUEST: “I bequeath R ($)_______ (or a percentage of my estate) to Living Hope Community Centre, a public benefit organisation located in Cape Town, South Africa. The Board of Trustees may apply this amount (or percentage) in its discretion.” - OR “I bequeath the following described property to Living Hope Community Centre, a public benefit organisation located in Cape Town, South Africa: ______________________________________________________.”
RESIDUARY BEQUEST: “I bequeath all (or a percentage) of the remainder of my estate to Living Hope Community Centre, a public benefit organization located in Cape Town, South Africa. The Board of Trustees may apply this amount (or percentage) in its discretion.”
CONTINGENT BEQUEST: “In the event (primary beneficiary) does not survive me by 60 days, I bequeath said amount to Living Hope Community Centre, a public benefit organisation located in Cape Town, South Africa.”
DESIGNATION RESTRICTED BEQUEST: This bequest specifies how you want your funds or gift to be used. For example, you may wish to designate your bequest for a particular ministry area or program within our ministry. If this is your desire, please contact us to ensure your goals and desires can be accomplished.
If you choose to direct a bequest to Living Hope, we encourage you to share your plans with us. Your plans remain confidential and we are able to ensure that when the time comes, Living Hope understands and can abide by your intentions. We also would like to recognize your generosity in making a deferred gift to Living Hope. Your benevolence demonstrates an investment in Living Hope’s ministry and mission for generations to come.
HONORARY OR MEMORIAL BEQUEST: This is a gift that pays tribute To or memorializes a person. We are pleased to honour your request and have many ways to grant appropriate recognition.
ENDOWED BEQUEST: This bequest requires Living Hope Community Centre to hold the funds permanently and use only the distributable earnings for ministry purposes. A certain minimum amount is necessary for an endowed bequest donation. Please contact us if this is your desire. We seek to reach people for Christ, bringing hope and breaking the despair of poverty and disease. BEQUEST INTENTION LETTER
Dear Living Hope Community Centre: It is my (our) pleasure to inform you that I (we) have named Living Hope Community Centre in Cape Town, South Africa, as a beneficiary of an estate bequest. This letter signifies my (our) intention to make a bequest through my (our) estate plan of R ($) ________ (or a percentage of my estate). Please indicate below if you desire your bequest to be used for a specific ministry program or purpose.
This gift will take the form of _____________________________________________________ [A BENEFICIARY OF MY WILL, A TRUST BEQUEST, LIFE ASSURANCE POLICY, SPECIFIC ITEMS, NAMED SECURITIES, OR OTHER] Understanding that this gift intention may be changed at any time, I (we) will inform Living Hope Community Centre should I (we) change my (our) intent toward Living Hope Community Centre or should the dollar value of my (our) estate potential donation significantly increase or decrease. Investing in the future of Living Hope Community Centre gives me (us) great satisfaction in knowing that my (our) gift will help future generations by bringing hope and breaking despair. Sincerely, ____________________________________ Signature
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____________________________________ Signature
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Name(s): _____________________________________________________________________ Address: _____________________________________________________________________ City, State, Zip: ________________________________________________________________ Email: _______________________________________________________________________ Thank you for sharing this information to ensure that when the time comes, Living Hope Community Centre understands and can abide by your bequest intentions. Your plans will remain confidential. Please return to either: Living Hope South Africa PO Box 1700 Sun Valley 7985 SOUTH AFRICA
Living Hope USA PO Box 1140 Grayson, GA 30017 USA
As with any decision involving your assets, we urge you to seek the advice of your professional counsel when considering a gift to Living Hope Community Centre.