A meaningful way for you to support Roots and Wings’ mission is to leave us a bequest in your will, living trust, or with a codicil. One significant benefit of making a gift by bequest is that they are exempt from federal estate taxes. You can create a legacy of literacy and hope that continues to yield impact for generations of children and their families.
There are several ways you can make a bequest to Roots and Wings’ Legacy Fund.
A specific bequest involves making a gift of a specific asset, such as real estate, a luxury car, other property, or a gift for a specific dollar amount. For example, you may wish to leave your home or a specific gift amount of $10,000 to Roots and Wings’ Legacy Fund.
A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest 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 Roots and Wings’ Legacy Fund.
A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate a bequest to be used for a general or specific purpose, so you have peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the charitable estate tax deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
If you are considering making a bequest of a percentage of your estate to Roots and Wings, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Roots and Wings, a nonprofit organization located at 7700 Congress Avenue, Suite 3212, Boca Raton, FL, 33487, Federal Tax ID #38-4008636, for Roots and Wings’ Legacy Fund general use and purpose.
I hereby give, devise and bequeath to Roots and Wings, a nonprofit organization located at 7700 Congress Avenue, Suite 3212, Boca Raton, FL, 33487, Federal Tax ID #38-4008636, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Roots and Wings’ Legacy Fund general use and purpose.
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Roots and Wings, a nonprofit organization located at 7700 Congress Avenue, Suite 3212, Boca Raton, FL, 33487, Federal Tax ID #38-4008636, DESCRIPTION OF PROPERTY to be used for Community Foundation for Roots and Wings’ Legacy Fund general use and purpose.
Please contact us if you have any questions about how to make a bequest to Roots and Wings’ Legacy Fund or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
If you have included a bequest for Roots and Wings in your estate plan, please contact us to let us know. We would like to thank you, invite you to see our mission in action, and recognize you for your gift.
Roots and Wings, Inc.
7700 Congress Avenue, Suite 3212 Boca Raton, FL 33487
Federal tax ID number: 38-4008636
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.