Planned Giving Welcome Our Legacy Society Meet Our Donors
Ways of Giving Goals & Benefits Gifts Anyone Can Make Gifts That Pay You Income Gifts That Protect Your Assets
More Information For Professional Advisors Contact Us
Increase Font Size Decrease Font Size Print Page Contact Marie Selby Botanical Gardens

Sample Gift Language for your Will or Revocable Living Trust

A gift to Selby Gardens in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations. A bequest:

Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to Marie Selby Botanical Gardens, Inc. (Tax ID #59-1848965), located in Sarasota, FL, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).

Specific Gift Language

Naming Marie Selby Botanical Gardens as a beneficiary of a specific amount from your estate is easy:

I give and devise to Marie Selby Botanical Gardens, Inc. (Tax ID #59-1848965), located in Sarasota, FL, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).

Contingent Gift Language

Marie Selby Botanical Gardens or its affiliates can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to Marie Selby Botanical Gardens, Inc. (Tax ID #59-1848965), located in Sarasota, FL, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

Retirement Plan Beneficiary Language

You may name Marie Selby Botanical Gardens (Tax ID #59-1848965) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming Selby Gardens as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Selby Gardens as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support Selby Gardens free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Marie Selby Botanical Gardens. We can also assist you with the proper language for your beneficiary designation to Selby Gardens.

Customized Language

If you or your attorney would like Selby Gardens to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.

Need a codicil? Please click here to downloadOpens new window.


The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2017 VirtualGiving.com


Planned Giving Welcome Our Legacy Society Meet Our Donors
Ways of Giving Goals & Benefits Gifts Anyone Can Make Gifts That Pay You Income Gifts That Protect Your Assets
More Information For Professional Advisors Contact Us