Bequest Language
Bequest Language
Specific bequest of assets under will
To make a targeted legacy gift to Phipps, you may wish to consider this wording for your will, which involves some gift-designation choices where indicated:
"I give, devise, and bequeath the sum of $_________ (or name the particular item or items) to Phipps Conservatory and Botanical Gardens, located at One Schenley Park, Pittsburgh,. PA 15213 to be used for [choose one: 1) general operating purposes, 2) endowment purposes, 3) capital projects, 4) favored Phipps program(s) ________ ] and I declare that the receipt of Phipps' executive director or duly authorized officer shall be sufficient discharge to my executors."
Percentage of assets under will
To leave a portion of your estate to Phipps, some suggested wording, with gift-designation choices, would be:
"I give, devise, and bequeath ______ percent of my estate to Phipps Conservatory and Botanical Gardens, located at One Schenley Park, Pittsburgh,. PA 15213 to be used for [choose one: 1) general operating purposes, 2) endowment purposes, 3) capital projects, 4) favored Phipps program(s) ________ ] and I declare that the receipt of Phipps' executive director or duly authorized officer shall be sufficient discharge to my executors."
Rest or Residue of assets under will
To leave the entire residue (remainder) of your estate to Phipps, you may wish to consider this wording, with gift-designation choices, for your will:
"I give to Phipps Conservatory and Botanical Gardens, located at One Schenley Park, Pittsburgh,. PA 15213 the entire residue of my estate both real and personal, whatsoever and where ever situated, to be used for [choose one: 1) general operating purposes, 2) endowment purposes, 3) capital projects, 4) favored Phipps program(s) ________ ] and I declare that the receipt of Phipps' executive director or duly authorized officer shall be sufficient discharge to my executors."
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. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.