Planned Giving
Renewed accepts support through estate planning and greatly relies on these gifts for long term sustainability. A simple bequest designation in your will or a beneficiary designation on a specific asset is the best way to designate Renewed as a beneficiary in your estate plans. Below is language that can assist your planning efforts:
1. Specific Bequest – If you are considering making an outright bequest to Renewed, we recommend the following language:
- Bequest of a Specific Dollar AmountI hereby give, devise and bequeath ____ and No/100 dollars ($DOLLARS) to Renewed, a nonprofit organization located at 2120 Crestmoor Road, Suite 3000, Nashville, TN 37215, Federal Tax ID #35-2183798 for Renewed’s general use and purpose.
- Bequest of Specific Personal PropertyI hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Renewed, a nonprofit organization located at 2120 Crestmoor Road, Suite 3000, Nashville, TN 37215, Federal Tax ID #35-2183798 for Renewed’s general use and purpose.
- Bequest of Specific Real EstateI hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Renewed, a nonprofit organization located at 2120 Crestmoor Road, Suite 3000, Nashville, TN 37215, Federal Tax ID #35-2183798 for Renewed’s general use and purpose.
2. Percentage Bequest – If you are considering making a bequest of a percentage of your estate to Renewed, we recommend the following language:
I hereby give, devise and bequeath ____ percent (____%) of my total estate, determined as of the date of my death, to Renewed, a nonprofit organization located at 2120 Crestmoor Road, Suite 3000, Nashville, TN 37215, Federal Tax ID #35-2183798 for Renewed’s general use and purpose.
3. Residual Bequest
I hereby give, devise and bequeath to Renewed, a nonprofit organization located at 2120 Crestmoor Road, Suite 3000, Nashville, TN 37215, Federal Tax ID #35-2183798 for Renewed’s general use and purpose. ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Renewed’s general use and purpose.
4. Contingent Bequest
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Renewed flexibility should it no longer be possible for Renewed to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Renewed, it shall become impossible for Renewed to use this bequest to accomplish the specific purposes of this bequest, the Board of Directors may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.