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Bequests

For many friends of the Foundation for Economic Education, the best way to make a gift is in the form of a bequest.  This easy-to-follow guide is designed to help you accomplish this goal.   

 

There are several types of bequests from which to choose:

 

Cash BequestFEE receives a specific dollar amount. 

Example:   "I give $______ to the Foundation for Economic Education in Irvington-on-Hudson, New York for its general purposes [or for the following purpose:_________]."

 

 

Bequest of PropertyFEE receives specific assets, such as securities, an interest in real estate, or tangible personal property (e.g. works of art, books, antiques). 

 

Example:  "I give 1,000 shares of Acme Corporation to the Foundation for Economic Education in Irvington-on-Hudson, New York for its general purposes [or for the following purpose:__________]."

 

 

Residuary BequestFEE receives all or a percentage of your estate after the payment of any specific bequests and all estate-related expenses.

 

Example:  "I give all [or a specific percentage] of the rest, residue, and remainder of my estate to the Foundation for Economic Education in Irvington-on-Hudson, New York for its general purposes [or for the following purpose:_________]."

 

Contingent BequestFEE is given a bequest only in the event of the death of other beneficiaries.

         

          Example: "I direct that if any of the above-named beneficiaries should predecease me, then the share of that beneficiary should be transferred to the Foundation for Economic Education in Irvington-on-Hudson, New York  for its general purposes [or for the following purpose:________]."

 
Ways to Invest in FEE’s Activities

Ways to Support FEE

Contribute Online
Contribute by Mail or Phone
Gift of Stock
Gift in Kind
Gifts of Real Estate
IRA Charitable Rollovers
Life Insurance
Charitable Trusts
Bequests

 

 

Restricted versus Unrestricted Bequests

 

While unrestricted gifts enable the Trustees of FEE to allocate gifts to areas of greatest need, you may designate your bequest to a specific purpose, use, activity, or program at FEE.  In order to ensure that the evolving needs of future generations are met, it is advisable to include the following language with restricted gifts:

 

If at any time in the judgment of the Board of Trustees of the Foundation for Economic Education it is impossible or impractical to carry out exactly the designated purpose, the Board of Trustees shall determine an alternative purpose as near as possible to the designated purpose.

 

Formalize Your Intentions

 

Once you have the details of your bequest in mind, you are ready to formalize your intentions.  This should be done by having a will prepared, or in some instances, by signing a codicil to your existing will.  This is best done by an attorney to ensure that your intentions are properly set forth.

 

 

Ways to Invest in FEE’s Activities

 

For more info and assistance
please contact Krista Tverdak
Phone: (866) 466-1946 (Toll-free direct line)
Fax: (914) 591-8910
ktverdak@fee.org
support@fee.org

 

 

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