Sample Testamentary

 

Specific Bequest

Specific Bequest "I give to the Hospitality House of Commerce Twp, a Michigan nonprofit corporation, $_____ to be used for the agency’s charitable purposes in accordance with and subject to the governing instruments of Hospitality House[to be used for …] or [to be added to the ______Fund*] or [to establish the ______Fund for the following purposes ___________**]."

Percentage Bequest

Percentage Bequest "I give to the Hospitality House of Commerce Twp, a Michigan nonprofit corporation, ____% of my residuary estate to be used for charitable purposes in accordance with and subject to the governing instruments of Hospitality House[to be used for …] or [to be added to the _____Fund*] or [to establish the _____Fund for the following purposes ____**]."

Residuary Bequest

Residuary Bequest "I give to the Hospitality House of Commerce Twp, a Michigan nonprofit corporation, the remainder of my estate, both real and personal, to be used for charitable purposes in accordance with and subject to the governing instruments of Hospitality House [to be used for …] or [to be added to the _____Fund*] or [to establish the ______Fund for the following purposes _______**]."

Contingent Bequest

Contingent Bequest "If the above-named beneficiary (ies) predecease(s) me, then I give such amounts of property absolutely to the Hospitality House of Commerce Twp."

 

*Adding to an existing Fund of Hospitality House

If your client wishes to support an existing fund at Hospitality House please contact us for complete list of endowed funds or visit hhfp.org

**Establishing a new Fund by bequest

If your client's gift meets the minimum contribution required, the donor may create a separately identifiable permanently endowed fund by name and purpose by adding language from one of the options below:

Named Fund/Unrestricted Purpose

This devise will be used to establish an endowed fund at the Hospitality House known as the ______________Fund. It is my intent and expectation that the Fund be a permanent endowment fund and may not be wholly expended. Distributions from the Fund will be made as Hospitality House deems appropriate to those charitable organizations or for those charitable purposes determined by the Board of Directors in accordance with its investment and distribution policies as may be amended from time to time.

 

Field of Interest Fund

This devise will be used to establish a field of interest fund at the Hospitality House to be known as the _______________Fund. I direct that the distributions from the Fund be used for __________________. (specify broad area of charitable purpose - for example, "Food purchases", "Breathing Room", "Pit Stop”) It is my intent and expectation that the Hospitality House • 2075 E. West Maple Rd Ste B204, Commerce Twp, MI 48390 • 248.960.9975 fund be a permanent endowment fund. Distributions from the fund will be made as Hospitality House deems appropriate in accordance with investment and distribution policies adopted by the Board of Directors as may be amended from time to time.

 

Scholarship Fund

This devise shall be used to establish a Scholarship Fund at the Hospitality House to be known as the ___________Fund to support scholarships for ___________. It is my intent and expectation that the Fund be a permanent endowment fund. Distributions from the Fund will be made as Hospitality House deems appropriate in accordance with investment and distribution policies adopted by the Board of Directors as may be amended from time to time. I recommend that a Selection Committee consisting of ___________, _____________, and ______________ may make written recommendations from time to time to the Board of Directors concerning grants from the Fund, provided the proposed grant is in furtherance of the general charitable purposes of Hospitality House. I recognize that these recommendations may be accepted or rejected, in whole or in part, by the Board of Directors in its sole discretion. (Members of the donor’s family or other parties closely related to the donor, such as professional advisors, may not constitute a majority of the selection committee).

Donor Advised Fund

This devise shall be used to establish a donor advised fund at the Hospitality House to be known as the ______________________Fund. It is my intent and expectation that the Fund be a permanent endowment fund. Distributions from the Fund will be made as Hospitality House deems appropriate in accordance with investment and distribution policies adopted by the Board of Directors as may be amended from time to time. I direct that an Advisory Committee consisting of _____________, _____________, and ____________ may make written recommendations from time to time to the Board of Directors concerning grants from the Fund, provided the proposed grant is in furtherance of the general charitable purposes of Hospitality House. I recognize that these recommendations may be accepted or rejected, in whole or in part, by the Board of Directors in its sole discretion.

Legacy Society

The Legacy Society is a way to celebrate the generosity of those who have made a planned gift to Hospitality House.  Membership request forms are available by contacting Donovan Neal, Executive Director of 248-960-9975 or donovan@hhfp.org.

Hospitality House is happy to honor the wishes of donors that prefer to remain anonymous.