Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid.

I give and devise to Nourishing Hope, located in Chicago, IL, 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 Language

Naming Nourishing Hope as a beneficiary of a specific amount from your estate is easy.

I give and devise to Nourishing Hope, located in Chicago, IL, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).

Contingent Gift Language

Nourishing Hope 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 Nourishing Hope, located in Chicago, IL, 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 Language

You may name Nourishing Hope 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 Nourishing Hope 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 Nourishing Hope 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 Nourishing Hope 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 have finished, please return the form to your plan administrator and notify Nourishing Hope. We can also assist you with the proper language for your beneficiary designation to Nourishing Hope.

Customized Language

If you or your attorney would like Nourishing Hope 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 downloadOpens new window.

*A codicil is a legal document that changes specific provisions in your will but leaves all the other provisions the same.