Bequests/ Gifts by Will
A simple way to leave a legacy to Juvenile Law Center is by making a bequest in your Will. A bequest is a gift, made after the donor’s estate is settled. It can be a specific sum of money, another asset, or a portion of one’s residuary estate (the amount remaining after specific allocations have been made).
If you already have a Will, you can include Juvenile Law Center by making a codicil. If you don’t already have an estate plan, now may be a good time to establish one.
Sample codicil language:
“I give to Juvenile Law Center, Inc., a private, non-profit, 501(c)(3) organization currently headquartered at 1800 John F. Kennedy Blvd., #1900B, Philadelphia, PA 19103 the sum of $ (or % of my residuary estate) for the unrestricted use and purposes of the organization.”
Here are other ways to support Juvenile Law Center through a charitable bequest, along with commonly used language:
- A residual bequest grants the residue, or portion of the residue, of your estate to Juvenile Law Center after explicit bequests have been made; "I give to Juvenile Law Center, Inc., a non-profit organization located at 1800 John F. Kennedy Blvd., #1900B, Philadelphia, PA 19103, all (or percent) of the rest, residue and remainder of my estate, both real and personal property of whatever kind and wheresoever situated."
- A specific bequest of a stated dollar amount or specific securities; "I give to Juvenile Law Center, Inc., a non-profit organization located at 11800 John F. Kennedy Blvd., #1900B, Philadelphia, PA 19103, the sum of dollars (or describe the specific property or security you intend to give)."
- A contingent bequest in case one or more of your bequests cannot be fulfilled; "If any of the above-named beneficiaries should predecease me, I hereby give his/her share of my estate to Juvenile Law Center, Inc., a non-profit organization located at 1800 John F. Kennedy Blvd., #1900B, Philadelphia, PA 19103."
- A life income bequest gives income to someone close to you with the principal reverting to Juvenile Law Center after his/her lifetime.