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The Faison Center's Bequest Language

An excellent way for you to support The Faison Center's mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the asset of property you will leave to charity during your life. Another benefit is that you are able to make a lasting legacy.

Types of Bequests


There are a number of ways you can make a bequest to The Faison Center.

Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to The Faison Center.

Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave ten percent of your estate to The Faison Center.

Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30 percent of the residue of your estate to The Faison Center.

Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to The Faison Center.

Bequest Benefits


A bequest is generally a revocable gift, which means it can be changed or modified at any time. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

Bequest Language


In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to The Faison Center in your estate plan. We have provided some basic bequest language to assist you and your attorney.

1. Specific Bequest

If you are considering making an outright bequest to The Faison Center, we recommend the following language:

Bequest of a Specific Dollar Amount

I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to The Faison Center, a nonprofit organization located at 5311 Markel Road, Richmond, VA, 23230, Federal Tax ID #03-0387451, for The Faison Center's general use and purpose.

Bequest of Specific Personal Property

I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to The Faison Center, a nonprofit organization located at 5311 Markel Road, Richmond, VA, 23230, Federal Tax ID #03-0387451, for The Faison Center's general use and purpose.

Bequest of Specific Real Estate

I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to The Faison Center, a nonprofit organization located at 5311 Markel Road, Richmond, VA, 23230, Federal Tax ID #03-0387451, for The Faison Center's general use and purpose.

2. Percentage Bequest

If you are considering making a bequest of a percentage of your estate to The Faison Center, we recommend the following language:

I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to The Faison Center, a nonprofit organization located at 5311 Markel Road, Richmond, VA, 23230, Federal Tax ID #03-0387451, for The Faison Center's general use and purpose.

3. Residual Bequest

I hereby give, devise and bequeath to The Faison Center, a nonprofit organization located at 5311 Markel Road, Richmond, VA, 23230, Federal Tax ID #03-0387451, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for The Faison Center's general use and purpose.

4. Contingent Bequest

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to The Faison Center, a nonprofit organization located at 5311 Markel Road, Richmond, VA, 23230, Federal Tax ID #03-0387451, DESCRIPTION OF PROPERTY to be used for The Faison Center's general use and purpose.

Restricted Bequests


If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give The Faison Center flexibility should it no longer be possible for The Faison Center to use your gift as you originally intended:

If, in the judgment of the Board of Directors of The Faison Center, it shall become impossible for The Faison Center to use this bequest to accomplish the specific purposes of this bequest, The Faison Center may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

Contact Us


Please contact us if you have any questions about how to make a bequest to The Faison Center or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for The Faison Center in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.

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