Bequest

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to the  Alabama Holocaust Education Center as part of your estate plan.

Benefits of making a bequest:

  • You leave a lasting legacy to be remembered
  • You lessen the burden of taxes on your family
  • You may receive estate tax savings

A bequest can be made in several ways:

  • A specific dollar amount or asset
  • A percentage of your estate
  • A gift from the balance or residue of your estate
  • Making the AHEC the  beneficiary designation of certain assets

Bequest Language

The information presented here is not offered as legal or tax advice. You should seek the advice of your tax advisor, attorney and/or financial planner to make certain any gift or bequest you are considering fits well with your individual circumstances. We have provided some basic bequest language to assist you and your advisor.

  • Specific Bequest
    If you are considering making an outright bequest to the Alabama Holocaust Education Center, we recommend the following language:
    Bequest of a Specific Dollar Amount

    “I hereby give, devise and bequeath the sum of $ DOLLARS to the Alabama Holocaust Education Center, Inc.; a nonprofit organization located at 2100 Highland Avenue South Suite 101 Birmingham, AL 35205, Federal Tax ID #80-0955027, for the Alabama Holocaust Education Center, Inc.’s general use and purpose.”
  • Bequest of Specific Personal Property
    “I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to the Alabama Holocaust Education Center, Inc.; a nonprofit organization located at 2100 Highland Avenue South Suite 101 Birmingham, AL 35205, Federal Tax ID #80-0955027, for the Alabama Holocaust Education Center, Inc.’s general use and purpose.”
  • Bequest of Specific Real Estate
    “I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to the Alabama Holocaust Education Center, Inc.; a nonprofit organization located at 2100 Highland Avenue South Suite 101 Birmingham, AL 35205, Federal Tax ID #80-0955027, for the Alabama Holocaust Education Center, Inc.’s general use and purpose.”
  • Percentage Bequest
    If you are considering making a bequest of a percentage of your estate to the Alabama Holocaust Education Center, Inc., we recommend the following language:
    “I hereby give, devise and bequeath percent ( %) of my total estate, determined as of the date of my death, to the Alabama Holocaust Education Center, Inc.; a nonprofit organization located at 2100 Highland Avenue South Suite 101 Birmingham, AL 35205, Federal Tax ID #80-0955027, for the Alabama Holocaust Education Center, Inc.’s general use and purpose.”
  • Residuary Bequest
    “I hereby give, devise and bequeath to the Alabama Holocaust Education Center, Inc.; a nonprofit organization located at 2100 Highland Avenue South Suite 101 Birmingham, AL 35205, Federal Tax ID #80-0955027, all (or state the fraction or percentage) of the rest, residue or remainder of my estate, both real and personal, to be used for the Alabama Holocaust Education Center, Inc.’s general use and purpose.”
  • Contingent Bequest
    “If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to the Alabama Holocaust Education Center, Inc.; a nonprofit organization located at 2100 Highland Avenue South Suite 101 Birmingham, AL 35205, Federal Tax ID #80-0955027, DESCRIPTION OF PROPERTY to be used for the Alabama Holocaust Education Center, Inc.’s general use and purpose.”
  • Restricted Bequests
    You may designate your bequest to support a specific program or purpose that reflects your personal or professional interest. For example, you may wish to make a bequest to the Teacher Workshops, the Taking Action Together program, Holocaust Film Series or any other program that is meaningful to you.

    If you are making a restricted bequest, we recommend that your attorney include the following wording at the end of the provision to give the Alabama Holocaust Education Center flexibility should it no longer be possible for the Alabama Holocaust Education Center to use your gift as you originally intended.
    “…for so long as the Alabama Holocaust Education Center Board of Directors determines that the need exists. Should the need no longer exist, said Board of Directors may, in its sole discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”

Types of Bequests

  • Specific Bequest
    A specific bequest involves making a gift of a specific dollar amount or a specific asset, such as securities, real estate, or other property in your last will and testament or trust.
  • Percentage Bequest
    Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity.
  • Residuary Bequest
    In your last will and testament or trust, you may designate where the remainder of your estate will go after all other bequests, debts, and taxes have been paid. You can designate the Alabama Holocaust Education Center as beneficiary of all or a portion of your residual estate.

    Contingent Bequest: This is a bequest made on the condition that a certain event must occur before distribution to the beneficiary. For example, you may designate the Alabama Holocaust Education Center as a beneficiary if your spouse, other heirs or designees predecease you.
  • Contingent Bequest:
    This is a bequest made on the condition that a certain event must occur before distribution to the beneficiary. For example, you may designate the Alabama Holocaust Education Center as a beneficiary if your spouse, other heirs or designees predecease you.