Oakland Symphony's Bequest Language
Have you ever wanted to do more to help Oakland Symphony? You can make a big impact, leave a lasting legacy, and protect the future of music in Oakland by leaving a gift in your will or trust to Oakland Symphony. It's easy to do and costs you nothing today.
Your attorney can help you include a gift to Oakland Symphony in your will, trust, or estate plan. Below is basic language you can use.
1. Specific Gift
If you would like to ensure Oakland Symphony uses your gift for a specific purpose, please let us know. We are happy to work with you and your attorney to help you identify ways to meet your charitable goals.
If you are making a restricted gift, we recommend that your attorney include the following provision to give Oakland Symphony flexibility should it no longer be possible for Oakland Symphony to use your gift as you originally intended:
Please contact us if you have any questions about how to leave a gift in your will to Oakland Symphony or if you need more information.
If you have included a gift for Oakland Symphony in your estate plan, please let us know. We want to thank you and recognize you for your generous and thoughtful gift.
3 Easy ways to leave a gift in your will to Oakland Symphony
Specific Gift. You can give a specific asset such as real estate, a car, other property or a gift of a specific dollar amount. For example, you may wish to leave your home or $30,000 to Oakland Symphony.
Percentage Gift. You can leave a specific percentage of your overall estate. For example, you may wish to leave 10% of your estate to Oakland Symphony.
Residual Gift. After a will or trust makes specific gifts, it distributes residual gifts from the balance of the estate. A common residual gift involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Oakland Symphony.
Contingent Gift. A will or trust makes a contingent gift if it cannot make a primary gift. For example, you could leave specific property, such as a vacation home, to a relative, but the language in your will could provide that if the relative is not alive at the time of your death, the vacation home will go to Oakland Symphony.
Percentage Gift. You can leave a specific percentage of your overall estate. For example, you may wish to leave 10% of your estate to Oakland Symphony.
Residual Gift. After a will or trust makes specific gifts, it distributes residual gifts from the balance of the estate. A common residual gift involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Oakland Symphony.
Contingent Gift. A will or trust makes a contingent gift if it cannot make a primary gift. For example, you could leave specific property, such as a vacation home, to a relative, but the language in your will could provide that if the relative is not alive at the time of your death, the vacation home will go to Oakland Symphony.
Benefits of leaving a gift in your will
You can change a gift in your will at any time.
You can choose that a gift be used for a general or specific purpose.
Gifts you leave in your will to charity are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, paying less to the government and more to your heirs.
Language to leave a gift in your will
Your attorney can help you include a gift to Oakland Symphony in your will, trust, or estate plan. Below is basic language you can use.
1. Specific Gift
Gift of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID #____________, for Oakland Symphony's general use and purpose.
Gift of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID #_______________, for Oakland Symphony's general use and purpose.
Gift 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 Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID #_______________, for Oakland Symphony's general use and purpose.
2. Percentage GiftI hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID #____________, for Oakland Symphony's general use and purpose.
Gift of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID #_______________, for Oakland Symphony's general use and purpose.
Gift 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 Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID #_______________, for Oakland Symphony's general use and purpose.
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID #______________________, for Oakland Symphony's general use and purpose.
3. Residual Gift
I hereby give, devise and bequeath to Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID # _________, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Oakland Symphony's general use and purpose.
4. Contingent Gift
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Oakland Symphony, a nonprofit organization located at 1440 Broadway, Suite 405, Oakland, CA, 94612, Federal Tax ID # _________, DESCRIPTION OF PROPERTY to be used for Oakland Symphony's general use and purpose.
Restricted Gifts
If you would like to ensure Oakland Symphony uses your gift for a specific purpose, please let us know. We are happy to work with you and your attorney to help you identify ways to meet your charitable goals.
If you are making a restricted gift, we recommend that your attorney include the following provision to give Oakland Symphony flexibility should it no longer be possible for Oakland Symphony to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Oakland Symphony, it shall become impossible for Oakland Symphony to use this bequest to accomplish the specific purposes of this bequest, Oakland Symphony 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 leave a gift in your will to Oakland Symphony or if you need more information.
If you have included a gift for Oakland Symphony in your estate plan, please let us know. We want to thank you and recognize you for your generous and thoughtful gift.