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Sample Gift Language for your Will or TrustA gift to Wycliffe in your will or revocable trust proclaims your confidence that we will continue to serve our mission and make a difference in the lives of future generations. A bequest:
Residual Gift LanguageA residual bequest comes to us after your estate expenses and specific bequests are paid: I give and devise to Wycliffe Bible Translators, Inc. (Tax ID #95-1831097) in care of Wycliffe Bible Translation Foundation, Inc, located at P.O. Box 620486, Orlando, Florida 32862-0486, all (or state a 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 fund or program). Specific Gift LanguageNaming Wycliffe Foundation as a beneficiary of a specific amount from your estate is easy: I give, devise, and bequeath __________(percentage or dollar amount) to Wycliffe Bible Translators, Inc. (Tax ID #95-1831097) in care of Wycliffe Bible Translation Foundation, Inc., located at P.O. Box 620486, Orlando, Florida 32862-0486, (877)493-3600, to be further designated as follows:____________________(Affiliated Entity Name or Project) Contingent Gift LanguageWycliffe Foundation or its affiliates can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled: If (insert name) is not living at the time of my demise, I give and devise to Wycliffe Bible Translators, Inc. (Tax ID #95-1831097) in care of Wycliffe Bible Translation Foundation, Inc, located at P.O. Box 620486, Orlando, Florida 32862-0486, 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). Retirement Plan Beneficiary LanguageYou may name Wycliffe Bible Translators, Inc. (Tax ID #95-1831097) in care of Wycliffe Bible Translation Foundation, Inc, located at P.O. Box 620486, Orlando, Florida 32862-0486 as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts. Naming Wycliffe as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh 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 Wycliffe 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 Wycliffe free of both estate and income taxes. Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator. When you are done, please return the form to your plan administrator and notify Wycliffe Foundation. We can also assist you with the proper language for your beneficiary designation to Wycliffe. Customized LanguageIf you or your attorney would like Wycliffe to provide you with customized beneficiary language that is specific to your goal and interest, please contact us. Need a codicil? Please click here to download.
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