Sample Gift Language for your Will or Revocable Living Trust

A gift to The Austin Hatcher Foundation in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations. A bequest:

• It is easy to arrange.

• It will not alter your current lifestyle in any way.

• It can be easily modified to address your changing needs.

 

Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

 

Example:

I give and devise to The Austin Hatcher Foundation For Pediatric Cancer, located in Chattanooga, Tennessee, all (or percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific program).

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Specific Gift Language

Naming The Austin Hatcher Foundation for Pediatric Cancer as a beneficiary of a specific amount from your estate is easy:

 

I give and devise to The Austin Hatcher Foundation, located in Chattanooga, Tennessee, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).

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Contingent Gift Language

The Austin Hatcher Foundation for Pediatric Cancer can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

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If (insert individuals name) is not living at the time of my demise, I give and devise to The Austin Hatcher Foundation, located in Chattanooga, Tennessee, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

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Retirement Plan Beneficiary Language

You may name The Austin Hatcher Foundation for Pediatric Cancer as a beneficiary of your IRA or other qualified retirement benefits. Please consult with their tax advisor regarding the tax benefits of such gifts.

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Naming The Austin Hatcher Foundation for Pediatric Cancer as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming The Austin Hatcher Foundation for Pediatric Cancer as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support The Austin Hatcher Foundation for Pediatric Cancer free of both estate and income taxes.

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Making a charitable gift from your retirement plan is easy. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify The Austin Hatcher Foundation for Pediatric Cancer.

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If you or your attorney would like The Austin Hatcher Foundation for Pediatric Cancer legal counsel to provide you with customized beneficiary language that is specific to your goal and interest, please email us at info@hatcherfoundation.org