You may remember
growing up as a 4-H’er and having a club leader or county
agent provide you with hands-on, experiential learning in 4-H.
Or you may have learned about 4-H through employment at the county,
state or national levels or through service on a local or national
Remembering Georgia 4-H in your estate plans ensures that future
generations of youth will have opportunities to learn and grow
Charitable Gift Annuities Through charitable
gift annuities, a significant cash or securities gift is made.
The donor receives a guaranteed rate of return for life. At the
donor's or named beneficiary's death, the Georgia 4-H Foundation
is then able to use the money to support 4-H programs.
Life Insurance or Retirement Funds You can name
the Georgia 4-H Foundation as primary or secondary beneficiary
of an existing life insurance policy or a new policy. Similarly,
you can name the foundation to receive proceeds from retirement
funds after your death.
Bequest You can make plans for support of Georgia
4-H Youth Development through your will or estate plan and name
the Georgia 4-H Foundation to receive funds through your will.
You can choose a specific amount, a percentage of the estate or
a residual after other distributions from your estate are fulfilled. We
strongly suggest you consult with both your legal advisor and a
Georgia 4-H Foundation representative before making such a gift.
Endowments You can make a named endowed gift
that will keep giving to 4-H Youth Development for many years to
come. You can endow support for a specific program or project area
with your support. Endowments
may be established over a period of up to 5 years. The annual income
from the endowed investment is provided to support annual programming
and education in your area of interests.
Please contact the Georgia 4-H Foundation for instructions on
making non-cash gifts. It is recommended that you consult with
your tax advisor or attorney as well as with a Georgia 4-H Foundation
representative before making a gift to verify that your intention
can be met.
Planned Giving Statement of Future Gifts
note: The Georgia
4-H Foundation is a 501(c)(3) organization. All donations made
to the Georgia 4-H Foundation are tax deductible according to
IRS standards. Your contribution can be designated to support
a specific purpose that is important to you, or left unrestricted
to be used where the need is greatest. If you would like to make
a gift to the Georgia 4-H Foundation, or would like to learn
more about other giving opportunities, contact Mary Ann Parsons,
Director of Development, Georgia 4-H Foundation, at (706) 542-8914
or via e-mail at email@example.com.
If you plan to make a charitable gift by will, please think it through
carefully. Then, meet with your attorney to discuss and update your will.
Tell him/her exactly what you want to do. Be as clear as possible in
describing what you want given to whom.
Establishing your Gift We hope you'll tell
us when you have named the Georgia 4-H Foundation in your will. We would
very much like the opportunity to thank you for your generosity.
"I give, devise, and bequeath to THE GEORGIA 4-H FOUNDATION
AT THE UNIVERSITY OF GEORGIA, a non-profit corporation duly existing
under the laws of the State of Georgia and located at Athens, Clarke
County, Georgia, __(% of estate or amount)__, to be used as the Foundation
trustees may direct."
If you prefer to remain anonymous, your gift will be kept completely confidential.
But at the same time, recognition of your gift can encourage others to do
the same. Whatever the case, we will honor your wishes, because we appreciate
your support immensely. And, if you have any other specific requests for
a bequest, please contact the Georgia 4-H Foundation for assistance.
1. Specific bequest. This is a gift of a specific item to a specific
beneficiary. For example, "I give my golf clubs to my nephew, John." If
that specific property has been disposed of before death, the bequest
fails and no claim can be made to any other property. (In other words,
John wouldn't receive the value of the golf clubs instead.)
2. General bequest. This is usually a gift of a stated sum of money. It will
not fail, even if there is not sufficient cash to meet the bequest. For example, "I
give $50,000 to my daughter, Mary." If there is only $2,500 liquid cash
in the estate, other estate assets must be sold to meet the bequest.
3. Contingent bequest. This is a bequest made on condition that a certain event
must occur before distribution to the beneficiary. For example, "I give
$50,000 to my son, Joe, provided he enrolls in college before age 21." A
contingent bequest is specific in nature and fails if the condition is not met.
(A contingent bequest is also appropriate if you want to name a secondary beneficiary,
in case the primary beneficiary doesn't survive you.)
4. Residuary bequest. This is a gift of all the "rest, residue and remainder" of
your estate after all other bequests, debts and taxes have been paid. For example,
you own property worth $500,000, and you intend to give a child $50,000 by specific
bequest and leave $450,000 to a spouse through a residuary bequest. If the debts,
taxes and expenses are $100,000, there would only be $350,000 left for the surviving
spouse. Rather, you should divide your estate according to percentages of the
residue (rather than specifying dollar amounts), to ensure that your beneficiaries
receive the proportions you desire.
The previous items can apply in the case of bequests to individual heirs or bequests
to charitable organizations. The above types of bequests generally define the
amount of the bequest.
The additional terms below are optional considerations (added to one of the above
four bequests) when the bequest is made to charity.
5. Unrestricted bequest. This is a gift for our general purposes, to be used
at the discretion of our governing board. A gift like this—without conditions
attached—is frequently the most useful, as it allows us to determine the
wisest and most pressing need for the funds at the time of receipt.
6. Restricted bequest. This type of gift 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 us when you make your will to be certain your intent can
be carried out.
7. Honorary or memorial bequest. This is a gift given "in honor of" or "in
memory of" someone. We are pleased to honor your request and have many ways
to grant appropriate recognition.
8. Endowed bequest. This bequest allows you to restrict the principal of your
gift, requiring us to hold the funds permanently and use only the investment
income they generate, or other similar formula. Creating an endowment in this
manner means that your gift can continue giving indefinitely. Please contact
the Georgia 4-H Foundation for more information.