Bequests

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Bequests

Hugs Across America: Helping Kids Can Be Your LegacyTornado_more_069
 
By remembering Hugs Across America in your will or living trust, you will reach out and comfort children in crisis for many years as part of your legacy. Leaving a bequest to Hugs Across America is a way to ensure that traumatized kids will be touched by your kindness and concern for them now and in the future.
 
A bequest may consist of a specific sum, a percentage of one's estate, or what remains of an estate after gifts to loved ones, legal and other expenses. Bequests may consist of money, securities, real estate, and/or personal property such as valuable art, or jewelry.
 
One advantage of living trusts over a wills is they can become effective immediately upon one's passing, which avoids probate and insures privacy in relation to the terms.
 
Sample Language for Bequests
 
Unrestricted Gift
(A gift that can be used where need or opportunity is greatest)
 
I give to Hugs Across America (tax I.D. number 43-203916), a non-profit 501(c)(3) corporation, located in Manhasset, NY the sum of $_______* for its general purposes.
 
Gift for a Specific Purpose
(A gift for a specific project, program, or facilities need)
 
I give to Hugs Across America (tax I.D. number 43-203916), a non-profit 501(c)(3) corporation, located in Manhasset, NY the sum of $_______* to be used for [state purpose]. In the event the purposes of the restriction, in the opinion of the Board of Directors of Hugs Across America, can no longer be served, the Board may devote any remaining assets exclusively for charitable purposes that: (a) are within the scope of the charitable purposes of Hugs Across America, and (b) most nearly approximate the original purpose of the gift.
 
Perpetual Endowment Fund
(A gift that benefits Hugs Across America in perpetuity)
 
I give to Hugs Across America (tax I.D. 43-203916), a non-profit 501(c)(3) corporation, located in Manhasset, NY the sum of $_______*, to be used as a permanent endowment, the income only from which shall be used for its general purposes (or describe the specific purpose, if desired).
 
Residuary Bequest
(Leaves any remainder after all other bequests have been paid)
 
All the rest, residue, and remainder of my estate, both real and personal, I give to Hugs Across America (tax I.D. number 43-203916), a non-profit 501(c)(3) corporation, located in Manhasset, NY for its general purposes.
 
Contingent Bequest
(Takes effect only if a primary intention can't be met)
 
If (name of beneficiary) does not survive me, or shall die during the administration of my estate, then I give to Hugs Across America (tax I.D. number 43-203916), a non-profit 501(c)(3) corporation, located in Manhasset, NY all of the rest, residue, and remainder of my estate, to be used for its benefit.
 
* Rather than leaving a sum certain, you may specify a percentage of your estate or a description of the property  or material you wish to give.
 
Hugs Across America , its employees or representatives, do not provide financial or legal advice. This information is provided for planning purposes only. Hugs Across America strongly urges prospective donors to consult attorneys or professional advisors before finalizing any decisions.
 
Legal Name
 
Please direct all charitable gifts to “Hugs Across America, a non-profit organization located in Manhasset, NY."
 
TAX I.D. Number
 
Hugs Across America ’s TAX ID number is 43-203916

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