Wills and Living Trusts
Bequest Language
A planned gift in your will or living trust, otherwise known as a bequest, is an incredible way to maximize your generosity with Hammer & NER. Your gift may be a specific dollar amount, a percentage of your estate, or the remainder after all other provisions are specified.
Wondering how you can utilize a planned gift to sustain Hammer & NER’s mission? You can use the following language as a template:
Sample Language
For an unrestricted gift that allows Hammer & NER to determine how to use the funds based on the most pressing needs, use the following language for your will and/or trust:
“I give to Hammer Residences, Inc., a nonprofit corporation currently located in Wayzata, MN, or its successor thereto, _________ [written amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose.”
To designate your provision for a particular purpose:
“I give to Hammer Residences, Inc., a nonprofit corporation currently located in Wayzata, MN, or its successor thereto, _________ [written amount or percentage of the estate or description of property]. This gift should be used for (state purpose) if and so long as Hammer Residences, Inc. determines that the need exists. If Hammer Residences, Inc. shall determine at the outset or at a later time that the need does not exist, or no longer exists or for some reason it is not possible (or prudent) to administer my gift as originally intended, then Hammer Residences, Inc. may, in its sole and uncontrolled discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”
Please contact Isaiah Allen at (952) 277-2436 or isaiah.allen@hammer.org for more information.
Realize the Power of a Gift – Create Your Legacy
Chart your Charitable Path – Take a look at all the different options that you think may work best.
Start here by learning the different gift options available to you. We will work with you to find a charitable plan that lets you provide for your family and support Hammer.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.