Oklahoma Methodist Foundation's Bequest Language
Types of Bequests
There are a number of ways you can make a bequest to Oklahoma Methodist Foundation for the benefit of your church or favorite ministry.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate.
Residual Bequest. 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.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Oklahoma Methodist Foundation.
Bequest Benefits
Bequest Language
From Your Will or Trust
Here is some gift language to assist you and your attorney:
Gift of a Specific Dollar Amount
I give [$Dollars] to the Oklahoma Methodist Foundation, a non-profit organization located in Oklahoma City, OK, Federal Tax ID: #73-0758119, FBO [Organization or Endowment Fund].
Gift of Specific Personal Property
I give [Description of Property] to the Oklahoma Methodist Foundation; a non- profit organization located in Oklahoma City, OK, Federal Tax ID: #73-0758119, FBO [Organization or Endowment Fund].
Gift of Specific Real Estate
I give all of the right, title and interest in and to the real estate located at [Address or Description of Property] to the Oklahoma Methodist Foundation, a non-profit organization located in Oklahoma City, OK, Federal Tax ID: #73-0758119, FBO [Organization or Endowment Fund].
Gift of Percentage of an Estate
I give [Percentage of Your Estate] to the Oklahoma Methodist Foundation, a non- profit organization located in Oklahoma City, OK, Federal Tax ID: #73-0758119, FBO [Organization or Endowment Fund].
From Your IRA
Here is the gift language to assist you and your IRA Plan Administrator:
Oklahoma Methodist Foundation, a non-profit organization located in Oklahoma City, OK, Federal Tax ID: #73-0758119, FBO [Organization or Endowment Fund].
For gifts from your IRA, a change of beneficiary form must be completed and given to your Plan Administrator. These assets do not pass through your will or trust.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give the Oklahoma Methodist Foundation flexibility should it no longer be possible for the Oklahoma Methodist Foundation to use your gift as you originally intended:
Contact Us
Please contact us if you have any questions about how to make a bequest to the Oklahoma Methodist Foundation 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 the Oklahoma Methodist Foundation in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.