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Leave a gift in your Will for Hillsborough County Parks - Sample Bequest Language Here are the most common kinds of bequests with sample language for naming Friends of the County Parks & Recreation as a beneficiary. You may also change your beneficiaries at any time, should your circumstances change. Residual Bequest This is a very popular choice for charitable bequests because it ensures that loved ones receive their distribution before any distribution to charity. "I devise the residue of my estate, after the satisfaction of all specific bequests and the payment of all taxes and other costs attending my death, to Friends of the County Parks & Recreation, Inc., a not-for profit corporation, Tax ID# 59-3088915, with principal offices currently located at P.O. Box 271911, Tampa, Florida 33688." General/Fixed Dollar Bequest A stated sum of money, usually cash, to a beneficiary. "I bequeath the sum of $____ dollars to Friends of the County Parks & Recreation, Inc., a not-for-profit corporation, Tax ID# 59-3088915, with principal offices currently located at P.O. Box 271911, Tampa, Florida 33688." Percentage Bequest Enables your bequests to grow as your assets grow. "I bequeath to Friends of the County Parks & Recreation, Inc., a not-for-profit corporation, Tax ID# 59-3088915, with principal offices currently located at P.O. Box 271911, Tampa, Florida 33688 an amount equal to ______ percent of the net value of my estate as finally determined for federal estate tax purposes." Contingent Bequest Assumes you want to leave your entire estate to family and friends. However, in the event that you outlive any of your beneficiaries, it provides an opportunity to designate Friends of the County Parks & Recreation to receive that portion of the estate. "In the event that (name of the beneficiary) does not survive me, I designate Friends of the County Parks & Recreation, Inc., a not-for-profit corporation, Tax ID# 59-3088915, with principal offices currently located at P.O. Box 271911, Tampa, Florida 33688 as the devisee of this bequest of (see above for language specific to different types of bequests.)" Designating the purpose of a bequest: Unrestricted: The most useful type of bequest is unrestricted, allowing the funds to be allocated by the Board of Directors of the Friends of the County Parks & Recreation wherever they believe need is greatest. Restricted: You may designate your bequest to support a special program or purpose that reflects your personal or professional interest. Designations can include Recreation (which includes children's programs and Parks), or Conservation (which goes to Regional Parks environmental programs and ELAPP), or Disability Programs (such as horses for the handicapped and Paralympic Sports), or other specific programs that the Friends group supports. Legal Name: Friends of the County Parks & Recreation, Inc. Address: P.O. Box 271911, Tampa, Florida 33688 Federal Tax ID Number: 59-3088915 Solicitation Disclosure Statement/Registration #CH6738 - A Copy of the Official Registration and financial information may be obtained from the Florida Division of Consumer Services. Disclaimer: The information on this planned giving site is intended to assist you in your charitable planning. It is not legal advice and should not be relied upon as such. Please consult with your attorney or other advisor for professional advice and to discuss how this information can benefit you as your consider your financial and philanthropic goals. For more information Email us, so that we can try to assist you through this process.
