To help build the financial security it needs if it is to continue and expand its programs, the Albuquerque International Association is inviting its members to make the Center for International Studies, its 501(c)3 umbrella organization, the beneficiary of bequests from their estates. This can be accomplished through a simple codicil, rather than requiring alterations to the member’s will or trust document.
Members can leave a specific amount (for example, $20,000), or they can specify a percentage of their estate remaining after debts are paid (e.g., five per cent). The codicil can be easily revoked if a member’s circumstances change and he or she needs the money.
Members interested in discussing how to make the Center for International Studies/Albuquerque International Association part of their legacy or in receiving a simple codicil form are directed to contact us at firstname.lastname@example.org.
SAMPLE WORDING FOR BEQUEST CONVEYED THROUGH CODICIL OR WILL
I hereby give, devise and bequeath to the Center for International Studies, a 501 (c) (3) nonprofit corporation organized and operating under the laws of the state of New Mexico, located at 7777 Jefferson Ave, NE, Albuquerque, NM, 87109; mailing address PO Box 92995, Albuquerque, NM, 87199; the sum of $_______ (or ______ percent of the rest, residue and remainder of my estate) to be used for the general purposes of the organization.
A bequest can help reduce the size of your taxable estate and also qualify for an estate tax charitable deduction, as well as assisting CFIS-AIA. As with any estate planning, you should consult with an estate planning attorney as to how the above applies to your personal situation.