Bequest Language
Including New Horizons in your will:
Naming New Horizons of the Treasure Coast in your bequest/will is simple and convenient. You can make a bequest for a specific dollar amount or for a percentage of your estate. You can also designate your bequest f or general use or you can restrict its use.
Unrestricted: The most useful type of bequest is unrestricted, allowing the funds to be allocated by New Horizons of the Treasure Coast wherever the need is greatest.
Restricted: You may designate your bequest to support a special program or purpose that reflects your personal or professional interest (for example: children’s programs, emergency services, recovery programs, education and prevention programs)
To assist you with this important process we offer some suggested bequest wording below. Since a will is an important legal document you should seek an attorney's help. The following includes examples of suggested bequest wording to benefit New Horizons.
Specific
amount for unrestricted purposes:
I give, devise, and bequeath to New Horizons of the Treasure Coast, Inc., a
not-for-profit organization located in Ft. Pierce, Florida, the sum of $_______
in cash or in-kind (or ________ shares of ________stock) to be used at the
discretion of the Board of Directors of New Horizons of the Treasure Coast for
the general purposes of New Horizons of the Treasure Coast.
Specific
amount for specific purposes:
I give, devise, and bequeath to New Horizons of the Treasure Coast, a
not-for-profit organization located in Ft. Pierce, Florida, the sum of $_______
in cash or in-kind (or ________ shares of ________stock) to be used for
____________________________at New Horizons of the Treasure Coast..
For gifts restricted to a specific purpose, it is important to include the following wording at the end of the provision. “For so long as the Board of Directors of New Horizons of the Treasure Coast determines that the need exists. Should the need no longer exist, said Board of Directors may, in its sole discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”
Percentage
of estate for unrestricted purposes:
I give, devise, and bequeath to New Horizons of the Treasure Coast, Inc., a
not-for-profit organization located in Ft. Pierce, Florida, _____ percent (%) of
the rest, residue, and remainder of my estate as an unrestricted gift to be used
at the discretion of the Board of Directors of New Horizons of the Treasure
Coast for the general purposes of New Horizons of the Treasure Coast, located in
Ft. Pierce, Florida
Percentage
of estate for specific purposes with an endowment provision:
I give, devise, and bequeath to New Horizons of the Treasure Coast, Inc., a
not-for-profit organization located in Ft. Pierce, Florida, _____ percent (%) of
the rest, residue, and remainder of my estate to establish the
____________________ENDOWED FUND. The principal of this fund shall be invested
as part of New Horizons of the Treasure Coast Inc., permanent endowment and in
accordance with its policies. The income therefrom is to be used by New Horizons
of the Treasure Coast, Inc., located in Ft. Pierce, Florida,
for____________________________________. Contributions may be added to the fund
at any time.
If changed circumstances should at some future time make it impractical to continue using the income from the Fund for the purpose designated, then the New Horizons of the Treasure Coast Board of Directors may re-designate the purpose for which the Fund's income may be distributed, provided that the Fund shall continue to bear the name ________________ ENDOWED FUND and that the amended terms shall adhere as closely as possible to my original intent.
Contact Us
Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with the New Horizons development office to ensure that your wishes will be properly followed and recognized.
If you have any questions or need additional information about this section, please feel free to contact Patricia Daum, Director of Fund Development, 772-468-4076 or e-mail pdaum@nhtcinc.org.