WILLS AND BEQUESTS

A bequest is a gift made through your will or trust.  It is one of the most popular and flexible ways you can support our mission. Benefits of making a gift from your will or trust include:
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• You leave a lasting legacy to be remembered
• You lessen the burden of taxes on your family
• You may receive estate tax savings

HOW TO MAKE A GIFT

With the help of an advisor, you can include language in your will or trust specifying a gift be made to the Cultural Council of Greater Jacksonville as part of your estate plan.  Gift types can include:
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• Specific Bequest - A specific bequest involves making a gift of a specific asset, such as real estate or other property, or a gift of a specific dollar amount to the Cultural Council of Greater Jacksonville.
  • Example language #1: I hereby give, devise and bequeath __________ and No/100 dollars ($DOLLARS) to the Cultural Council of Greater Jacksonville, Inc, a nonprofit organization located at 300 Water Street, Suite 201, Jacksonville, FL 32202, Federal TAX ID # 23-7347442, for the Cultural Council of Greater Jacksonville, Inc's general use and purpose. 
  • Example language #2: I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to the Cultural Council of Greater Jacksonville, Inc,  a nonprofit organization located at 300 Water Street, Suite 201, Jacksonville, FL 32202, Federal TAX ID # 23-7347442, for the Cultural Council of Greater Jacksonville, Inc's general use and purpose. 
  • Example language #3: 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 Cultural Council of Greater Jacksonville, Inc,  a nonprofit organization located at 300 Water Street, Suite 201, Jacksonville, FL 32202, Federal TAX ID # 23-7347442, for the Cultural Council of Greater Jacksonville, Inc's general use and purpose. 

 

• Percentage Bequest - A percentage bequest involves leaving a specific percentage of your overall estate to the Cultural Council of Greater Jacksonville. 
  • Example language #1: I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to the Cultural Council of Greater Jacksonville, Inc,  a nonprofit organization located at 300 Water Street, Suite 201, Jacksonville, FL 32202, Federal TAX ID # 23-7347442, for the Cultural Council of Greater Jacksonville, Inc's general use and purpose. 

 

• 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 your estate to the Cultural Council of Greater Jacksonville. 
  • Example language #1: I hereby give, devise and bequeath to the Cultural Council of Greater Jacksonville, Inc,  a nonprofit organization located at 300 Water Street, Suite 201, Jacksonville, FL 32202, Federal TAX ID # 23-7347442, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for the Cultural Council of Greater Jacksonville, Inc's general use and purpose. 

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• Contingent Bequest - A contingent bequest is made to the Cultural Council of Greater Jacksonville only if the purpose of the primary bequest cannot be met.  
  • Example language #1: If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to the Cultural Council of Greater Jacksonville, Inc,  a nonprofit organization located at 300 Water Street, Suite 201, Jacksonville, FL 32202, Federal TAX ID # 23-7347442, DESCRIPTION OF PROPERTY to be used for the Cultural Council of Greater Jacksonville, Inc'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.  If you are making a restricted bequest, we recommend that your attorney include the following provision to give the Cultural Council of Greater Jacksonville flexibility should it no longer be possible for us to use to use your gift as you originally intended.

Example language: If, in the judgement of the Board of Directors of the Cultural Council of Greater Jacksonville, Inc, it shall become impossible for the Cultural Council of Greater Jacksonville, Inc to use this bequest to accomplish the specific purposes of this bequest, the Cultural Council of Greater Jacksonville, Inc 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 gift in will or trust to the Cultural Council of Greater Jacksonville or to request any additional information that might be helpful to you and your attorney as you consider making a gift to us. 

If you have included a gift for the Cultural Council of Greater Jacksonville in your estate plan, please contact us to let us know.  We would like to thank you and recognize you for your intention.