Adding a provision to your will or trust is a simple way to make a legacy gift. After taking care of loved ones, you can designate a percentage of your estate or a specific sum. A bequest may reduce estate tax. It also gives you flexibility. No other planned gift is as simple to make or as easy to modify, as your life circumstances change.
Below are examples of wording to help you structure your intention.
In as little as one sentence, you can complete your gift.
For an unrestricted gift:
"I give to Thompson Island Outward Bound Education Center, Inc. of Box 127, Boston, MA 02127, Tax ID 04-3027900 or to it successor thereto, ______________[specific sum or percentage of the estate or description of property] for its general educational and charitable purposes."
To designate your gift for a particular purpose:
"I give to Thompson Island Outward Bound Education Center, Inc. of Box 127, Boston, MA 02127, Tax ID 04-3027900 or to it successor thereto, ______________ [state specific sum or percentage of the estate or description of property]. This gift should be used for [state purpose].
"I believe in the biophilia, environmental + educational work that T.I does so much so that I put T.I in my will. Making that change was really easy with my lawyer. I know that with this legacy my dreams of students learning about the beauty and ecosystems of nature will continue on for decades to come, and not just on the island."
Janet has supported Thompson Island Outward Bound for two decades and has seen the mission evolve to meet the moment as the specific needs of students change over time. As she considers her future legacy, the needs of children are high in her philanthropic priorities. She has made charitable bequests and has designated the remainder of her donor-advised fund to the things she cares most about.
We would welcome a conversation with you about how you can benefit Thompson Island Outward Bound as well as your heirs. Please contact Hilary Lucier at 617.852.8571 or [email protected].
Please note that Thompson Island Outward Bound cannot provide legal, tax, or financial advice. We recommend you contact your attorneys or other professional advisors when considering changes to your estate plan.