A bequest may result in the largest and most lasting gift you could ever make to PAWS. A bequest sets aside a certain dollar amount or percentage of your assets for PAWS.
- General Bequest - This is usually a gift of a stated sum of money.
- Specific Bequest - A specific bequest can be a fixed dollar amount or a percentage of the total estate. It may be in the form of cash, securities, real estate, or other valuable property.
- Residuary Bequest - This is a gift of all the "rest, residual, and remains" of the estate after all other bequests, debts and taxes have been paid.
Sample Bequest Language
I give (devise or bequeath) to Pets Are Wonderful Support (PAWS), a nonprofit organization, located at 3170 23rd Street, San Francisco, CA 94110 the sum of $____ (or percentage of estate) for its general purposes.
Your bequest to PAWS may be designated for a specific purpose, or it may be unrestricted.
- Unrestricted Bequest - To be used at the discretion of the PAWS governing board. A gift like this--without conditions--is frequently the most useful. It allows PAWS to determine the wisest and most pressing need for the funds.
- Restricted Bequest - Allows you to specify how the funds are to be used. Perhaps you have a special purpose or project in mind. If so, it's best to consult PAWS when you make your will so that your intent can be carried out.