Bequest Information
Please
note that gifts of this nature should be carefully considered in relation
to your comprehensive financial and estate plans. We strongly recommend that you
consult an attorney in the preparation of your will and to supervise its execution
so as to comply with your state requirements. The following are examples for illustration
only. - When including a bequest provision in your will, always use the
full legal name and provide the federal taxpayer identification number.
- Our
full, legal name is: "Newark Public Radio, Inc."
- Our federal taxpayer
identification number is: 22-2137728.
Bequests
for Unrestricted Purposes Unrestricted gifts are to be
used for the greatest need at the time to be determined by the Board. A general
unrestricted bequest is especially valued by us. - For a bequest of securities,
the possible language is: "I give Newark Public Radio, Inc all of my shares of
XYZ stock or mutual fund to be used for the benefit of WBGO Radio." - For
a bequest of cash, the possible language is: "I give to Newark Public Radio,
Inc the sum of (Amount) to be used for the benefit of WBGO Radio." If you
do not want to specify the exact amount or nature of the intended gift, perhaps
because the size of the future estate is difficult to estimate, a proportional
bequest is often the best way to accomplish your goals. We would receive a percentage
of the estate or the residue of the estate, after all other provisions have been
met. - Possible language is: "I give to Newark Public Radio, Inc (percent)
of my estate, or (percent of the rest, residue and remainder) of my estate to
be used for the benefit of WBGO Radio." Contingent
Bequest A contingent bequest takes effect only if the
primary intention cannot be met (e.g. if the primary beneficiary does not survive
the donor). This ensures that property will not be distributed to unintended beneficiaries.
- Possible language is: "If (name of primary beneficiary) does not survive
me, or shall die during the administration of my estate, or as a result of a common
disaster, then I give to Newark Public Radio, Inc all of the rest, residue, and
remainder of my estate, to be used for the benefit of WBGO Radio." Bequests
for Restricted Purposes If you would like to honor a family
member, a special person or provide support for a specific program or department
that was meaningful to you, then you can designate your bequest specifically for
that purpose. You simply use any form of the possible language included above,
and replace "to be used for the benefit of [ insert purpose or intent ]" with
the specific designation. Often specific guidelines govern the use of these types
of funds. Therefore, we recommend that you contact us to discuss your restricted
gift. We are here to help you as you plan. Thank you for remembering WBGO Radio.
Return to Wills and Bequests.
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