Planned Giving

Bequest Language

A bequest—a gift in your will—is simple and convenient. You can create a legacy through a bequest.

Your bequest can be a specific dollar amount or a percentage of your estate. You can designate your bequest for general use, or you can restrict its use.

Examples of various types of bequests:

Specific bequests are used to make a gift of a specific dollar amount or specific asset (such as securities, real estate, or personal property).

Residuary bequests are used to give all or a portion of the remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.

Including the USMMA Alumni Association and Foundation in your will.

The following includes several examples of suggested bequest wording to benefit the USMMA Alumni Association and Foundation.

Each individual situation is unique; therefore, these examples include only some of the possible gift opportunities. We encourage you to discuss your intentions with us at the USMMA Alumni Association and Foundation to ensure that your wishes will be properly followed and recognized.

Because a will is an important legal document, you should seek an attorney’s help. To assist you with this important process, we offer suggested wording below.

Percentage of estate for unrestricted purposes: “I give to the USMMA Alumni Association and Foundation (Tax ID/EIN: 11-6037948), a nonprofit organization located in Kings Point, NY, _______ percent (%) of the remainder of my estate for its general charitable purposes.”

Specific amount for unrestricted purposes: “I give to the USMMA Alumni Association and Foundation (Tax ID/EIN: 11-6037948), a nonprofit organization located in Kings Point, NY, the sum of $_____ in cash (or _____ shares of _____ stock) to be used for its general charitable purposes.”

Specific amount for specific purposes: “I give, devise, and bequeath to the USMMA Alumni Association and Foundation (Tax ID/EIN: 11-6037948), a nonprofit organization located in Kings Point, NY, the sum of $_____ in cash or in-kind (or _____ shares of _____ stock) to be used for ____________________ at the USMMA Alumni Association and Foundation.”

Designating the purpose of a bequest

Area of Greatest Need: The most useful type of bequest is unrestricted, allowing the funds to be allocated wherever the need is greatest and taking into account that changes (programs, laws, etc.) may necessitate a use that cannot be anticipated at the time of the gift.

Restricted: You may designate your bequest to support a special fund or purpose that reflects your interests (specific departments, sports, clubs, and more).

Please contact Capt. James F. Tobin ’77, AAF President, at 516-773-5993 or jtobin@usmmaalumni.com, to discuss your intentions and to share the news of your future gift. Thank you!

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