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These endowments live forever since only the earnings distribution is used annually. Since a will is an important legal document, you should seek an attorney’s help. To assist you with your plans, the YMCA of Metropolitan Los Angeles Office of Gift Planning can provide sample language for the program or area you wish to support. This confidential service is available to you without obligation.
Following are some examples of various types of bequests:
Specific bequests are used to make a gift of a specific dollar amount or specific assets, such as securities, real estate or personal property.
Residuary bequests are used to give all or a portion of the rest, residue and remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.
Including the YMCA in your will
The following includes several examples of suggested bequest wording to benefit the YMCA of Metropolitan Los Angeles. Our Federal ID# is 95-1644052.
Each individual situation is unique and, therefore, these examples
include only some of the possible gift opportunities. We encourage
you to share your final will provision with the YMCA Office of Planned Giving
to ensure that your wishes will be properly followed
and recognized.
Percentage of estate for unrestricted purposes
"I give, devise and bequeath to the YMCA
of Metropolitan Los Angeles in the City of Los Angeles in the
State of California, _____ percent
(%) of the rest, residue and remainder of my estate as an unrestricted
gift to be used at the discretion of the Board of Directors of
the YMCA of Metropolitan Los Angeles for the general purposes
of the YMCA of Metropolitan Los Angeles."
Percentage of estate for specific purposes with an endowment
provision. Please note: A minimum gift of $25,000 is required to establish an Endowed Fund.
"I give, devise and bequeath to the YMCA
of Metropolitan Los Angeles in the City of Los Angeles in the
State of California, _____ percent
(%) of the rest, residue and remainder of my estate to establish
the ____________________ENDOWED FUND. The principal of this fund
shall be invested as part of the YMCA of Metropolitan Los Angeles’s
permanent endowment and in accordance with its policies. The earnings
distribution therefrom is to be used by the Directors of the YMCA
of Metropolitan Los Angeles for____________________________________.
Contributions may be added to the fund at any time.
If changed circumstances should at some future time make it impractical
to continue using the earnings distribution from the Fund for
the purpose designated, then the YMCA of Metropolitan Los
Angeles Board of Directors may redesignate the purpose for which
the Fund’s earnings distribution may be used, provided that the
Fund shall continue to bear the name ________________ ENDOWED
FUND and that the amended terms shall adhere as closely as possible
to my/our original intent."
Specific amount for unrestricted purposes
"I give, devise and bequeath to the YMCA of Metropolitan
Los Angeles in the City of Los Angeles in the State of California,
the sum of $_______ in cash or in-kind
(or ________ shares of ________stock) to be used at the discretion
of the Board of Directors of the YMCA of Metropolitan Los Angeles
for the general purposes of the YMCA of Metropolitan Los Angeles and its related entities."
Specific amount for specific purposes
"I give, devise and bequeath to the YMCA of Metropolitan
Los Angeles in the City of Los Angeles in the State of California,
the sum of $_______ in cash or in-kind
(or ________ shares of ________stock) to be used for __________________________________________
at the YMCA of Metropolitan Los Angeles.
If changed circumstances should at some future time make it impractical
to continue using the earnings distribution from the Fund for
the purpose designated, then the YMCA of Metropolitan Los
Angeles Board of Directors may redesignate the purpose to adhere
as closely as possible to my original intent.
Designating the purpose of a bequest:
Unrestricted: The most useful type of bequest is unrestricted,
allowing the funds to be allocated by the YMCA of Metropolitan
Los Angeles wherever the need is greatest.
Restricted: You may designate your bequest to support
a special program or purpose that reflects your personal experience with the YMCA.
If the bequest is restricted to a specific purpose, it is important
that the following wording be added at the end of the provision.
This will ensure that, in the remote possibility a specified program may cease to need funds, an
alternate use for the bequest may be determined.
“..... for so long as the Board of Directors of the YMCA of Metropolitan Los Angeles determines that the need exists. Should the need no longer exist, said Board of Directors may, in its sole discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”
