Thank you for considering including a gift to Bat Conservation International in your will or living trust. Your membership in BCI plays an important role in protecting bats. Additionally, regardless of your age or wealth, even a seemingly small planned gift, such as a bequest in your will, can help ensure that BCI will be prepared to meet future challenges and welcome new opportunities.
When you include BCI in your plans, you become a member of the Legacy Circle, a special group of BCI members who receive periodic conservation updates and invitations to special events at Bracken Bat Cave.
Leaving a gift to Bat Conservation International in your will or living trust, called a charitable bequest, offers these main benefits:
Simplicity. Just a few sentences in your will or trust are all that is needed. The official bequest language for Bat Conservation International is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Bat Conservation International [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
Tax Relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.
How It Works
To make a charitable bequest, you need a current will or revocable living trust.
Your gift can be made as a percentage of your estate. Or you can make a specific bequest by giving a certain amount of cash, securities or property. After your lifetime, Bat Conservation International receives your gift.
Putting Your Family First
When planning a future gift, it's sometimes difficult to determine what size donation will make sense. Emergencies happen, and you need to make sure your family is financially taken care of first. Including a bequest of a percentage of your estate ensures that your gift will remain proportionate no matter how your estate's value fluctuates over the years.
How to Complete Your Gift
1. Choose what to give.
Pick from one of these four options.
a. A specific bequest gives us a particular piece of property. If you disposed of the property before your death, we won't receive your intended gift because we cannot claim any other property.
b. A general bequest gives us a stated sum of money. If there is insufficient cash in your estate to cover the bequest, other assets will be sold for cash to honor your wishes for us.
c. A residuary bequest gives the "rest, residue and remainder" of your estate, or, more commonly, a percentage of the residue after all other bequests, debts and taxes have been paid.
d. A contingent bequest requires a certain event to occur before the gift can happen. For example, you could bequeath funds to a family member provided that person survives you; if not, the funds would then go to Bat Conservation International.
2. Decide how you would like Bat Conservation International to use your gift.
Choose from one of these three options.
a. An unrestricted bequest allows us to use the assets in the most beneficial way.
b. A restricted bequest allows you to specify how we are to use the funds. Contact us in advance to be certain your intent can be fulfilled.
c. An endowed bequest allows you to restrict the principal of your gift so we can use only a small portion each year, typically allowing the fund to last forever.
3. Meet with your estate planning attorney.
Whether you need to create a will or simply update an old document, you'll want to seek the help of an estate planning attorney.
Again, the official bequest language for Bat Conservation International is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Bat Conservation International [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
4. Let us know of your plans.
Please contact JoAnn Kennedy at 512-327-9721 x14 or email@example.com to let us know when you have made plans for such a gift. We would love the opportunity to thank you for your generous act. We are happy to honor your wishes regarding anonymity.