General Grant
General Grant
Bequest Language
A bequest is any gift you leave in your will. When leaving a gift in your will, you must use clear language and Arctic Slope Community Foundation's correct legal name in order to ensure your gift is properly distributed. The sample language below should be used only as a guide as you should consult your attorney for the appropriate language to suit your best interests.
Specific Bequest
A specific bequest is best used for a fixed amount of money or specific item is being gifted.
I bequeath to Arctic Slope Community Foundation located at 3900 C St Suite 302 in Anchorage, AK 99503 (EIN# 27-2247740), the sum of $_ (or specific asset) to be used where it determines the need is greatest (or choose a specific fund or program).
Unrestricted Gift
An unrestricted gift is one that can be used where need is greatest.
I bequeath to Arctic Slope Community Foundation located at 3900 C St Suite 302 in Anchorage, AK 99503 (EIN# 27-2247740), _ to be used for its general purposes.
Residuary Bequest
A residuary bequest leaves whatever the remainder to the organization selected after all other bequests have been paid.
I bequeath to Arctic Slope Community Foundation located at 3900 C St Suite 302 in Anchorage, AK 99503 (EIN# 27-2247740), _ (insert percentage amount)% of the residue to be used for its general purposes.
Contingency Gift
A contingency gift takes effect only if a primary intention can't be met.
In the event that (insert name or circumstance) predeceases me, I bequeath their bequest or share to Arctic Slope Community Foundation located at 3900 C St Suite 302 in Anchorage, AK 99503 (EIN# 27-2247740) to be used for its general purposes.
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