Wills and Trusts

 

HOW IT WORKS.

 

Make a bequest in your Will or Trust document by naming the Foundation as a beneficiary. Typically there are three ways of providing a gift to the Foundation that will continue its Mission and make a difference in the lives of future generations. These can be easily modified if your financial circumstances change.

 

·         Residual bequests. An example of a residual bequest is:

 

I give, devise and bequeath an undivided one-half share of the residue of my estate to the Daughters of the Nile Foundation. I further direct that the Personal Representative of my Estate (or Trustee) shall pay such remainder share solely from assets of my estate that constitute “Income In Respect of a Decedent” within the meaning of IRC § 691 and from the assets of my estate.

 

·         Specific bequests. An example of a specific bequest is:

 

I give, devise and bequeath the sum of $25,000.00 to the Daughters of the Nile Foundation. I further direct that the Personal Representative of my Estate (or Trustee) shall pay such specific gift, devise and bequest solely from assets of my estate that constitute “Income In Respect of a Decedent” within the meaning of IRC § 691, then from other income of my estate, and if such other income is insufficient, then from the other assets of my estate.

 

·         Contingent bequests. An example of a contingent bequest is:

 

Upon my death, I give, devise and bequeath all of the residue of my estate to my child. In the event my child is not living at the time of my death, then the gift to her shall lapse and then I give, devise and bequeath all of the residue of my estate to the Daughters of the Nile Foundation.

 

The policy of the Foundation is that a gift will be added to the permanent endowment. If you want the gift to go to the Shriners Hospitals for Children®, the bequest should read: To the Daughters of the Nile Foundation to be added to the Convalescent Relief Account of the Foundation for distribution to the Shriners Hospitals for Children.

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Gifting Incentives

Other ways you can give to the Daughters of the Nile Foundation include naming the Foundation as a beneficiary on your Retirement Accounts or your Annuities; naming the Foundation as a joint tenant, payable on death beneficiary or transferable on death beneficiary on your Certificates of Deposit and Savings Accounts; or establish a Charitable Remainder Trust that benefits the Foundation.

Marketable Securities

Gifts of long-term appreciated securities may include individual stocks, bonds, or shares of mutual funds. Gifts of securities can be made quickly and easily and can enable you to do more with your gift because of the tax benefits.

Wills and Bequests

A bequest to the Daughters of the Nile Foundation Convalescent Endowment Fund will continue supporting Shriners Hospitals for Children® after your death.  Federal estate tax laws encourage charitable bequests by allowing an estate tax deduction for the full value of charitable gifts.  No limit is placed on the amount that can be left to charity and deducted from your estate as a charitable contribution.