The following sample bequest language expresses the concepts above. It is offered simply as a guideline. Once again, New York Live Arts strongly suggests that you seek expert, professional advice.
Residual Bequest: “I hereby give, devise, and bequeath to New York Live Arts for the purpose of supporting New York Live Art’s Planned Giving Fund, [all] (or) [____%] of the rest, residue, or remainder of my estate.”
Percentage Bequest: “I hereby give, devise, and bequeath to New York Live Arts for the purpose of supporting New York Live Art’s Planned Giving Fund, ____% of [__________ (description of asset)] (or) [my estate].”
Specific Bequest: “I hereby give, devise, and bequeath to New York Live Arts for the purpose of supporting New York Live Art’s Planned Giving Fund, [the sum of ______ dollars ($______)] (or) [__________ (description of property)].”
Contingent Bequest: “I hereby give, devise, and bequeath to New York Live Arts for the purpose of supporting New York Live Art’s Planned Giving Fund, _______________ [description of property] in the event that ___________________ [description of condition].”
A simple way to include New York Live Arts in a completed will is to add a codicil, or addendum. An example of this text is the following:
“I hereby give, devise, and bequeath to New York Live Arts for the purpose of supporting New York Live Art’s Planned Giving Fund [______% of my remaining estate] (or) [the sum of _______ dollars ($_______)] (or) [_____________________(description of property)].”
IDENTIFYING INFORMATION FOR NEW YORK LIVE ARTS
Legal title: New York Live Arts, Inc.
Corporate address: 219 W19th St. New York, NY 10011
Federal tax identification number: 13-6206608