A bequest to Salesian Missions is a way of perpetuating a donor's support for the mission and work of Salesian Missions. It also enables a donor to make a major gift that might otherwise not be possible.
Through a bequest, a donor may leave to Salesian Missions a specific dollar amount, for example ($10,000), or may reserve for Salesian Missions all or a certain percentage of the estate after provisions for family members and other beneficiaries have been made.
In addition to cash and securities, bequests to Salesian Missions may include real estate, works of art, or patent rights. All outright bequests to Salesian Missions are exempt from federal estate taxes, and there is no limitation on the size of the gift.
Organization's Legal Name:
“Salesian Missions, Inc., 2 Lefevre Lane, New Rochelle NY 10801-5710, a New York nonprofit corporation, or its successor, Federal Tax Identification Number: 80-0522035.”
Suggested Forms of Bequests:
When making or revising a will, a donor should obtain the assistance of an attorney. The following are suggested forms for making various types of bequests:
1. Outright bequest in will:
(a) Specific dollar amount:
"I bequeath the sum of $_____ to Salesian Missions in New Rochelle, New York, to be used or disposed of as its Directors, in their sole discretion, deems appropriate."
(b) Specific property (personal property):
"I bequeath <DESCRIPTION OF PROPERTY> to Salesian Missions, New Rochelle, New York, to be used or disposed of as its Directors, in their sole discretion, deems appropriate."
(c) Specific property (real estate):
"I devise all of my right, title and interest in and to the real estate located at <DESCRIPTION OF PROPERTY> to Salesian Missions, New Rochelle, New York to be used or disposed of as its Directors, in their sole discretion, deems appropriate."
(d) Share of, or entire residue, of estate:
"I devise and bequeath (all/or _____%) of the remainder of my property to Salesian Missions, New Rochelle, New York to be used or disposed of as its Directors, in their sole discretion, deems appropriate."
2. Contingent bequest in will:
Insert the conditional language in one or more of the above provisions. For example:
"If my husband/wife does not survive me, I bequeath the sum of $_____ to Salesian Missions, New Rochelle, New York to be used or disposed of as its Directors, in their sole discretion, deems appropriate."
3. If the gift to Salesian Missions is for a purpose other than unrestricted use, insert the restriction in place of the words "to be used or disposed of as its Directors, in their sole discretion, deems appropriate." For example:
"I bequeath the sum of $_____ to Salesian Missions, New Rochelle, New York for the following use and purpose: <DESCRIPTION OF PURPOSE>."
In the event of a gift subject to a restriction, we suggest including one of the following provisions:
"However, I impose no legal or equitable obligation in this regard." or "If in the judgment of the Directors of Salesian Missions, it becomes impossible to accomplish the purposes of this gift, the income or principal may be used for such related purposes and in such manner as the Directors may determine in their sole discretion.”
For further information please contact:
Ana Maria Lang
Planned Giving Specialist
Salesian Missions
914-633-8344 x206
[email protected]
2 Lefevre Lane, New Rochelle NY 10801-5710