Will or Codicil Bequest
![[Photo of Ballet Argentino.]](images/balletargentino.jpg)
The
simple, revocable bequest provides vital future funding for Kennedy Center
programs and services.
The bequests are appealing for the following reasons:
- It is revocable, allowing the donor flexibility for
future changes.
- The future nature of the bequest means the current
lifestyle of the donor is not affected.
- Donors can provide for both individual heirs and favorite
charities.
- Estate taxes are avoided when assets are passed to
charities.
- Bequests provide donors the opportunity to make larger gifts than otherwise thought possible.
To Make a Bequest to John F. Kennedy Center for the Performing Arts and the National Symphony Orchestra:
- Give some thought to your estate planning. Make a
list of your assets and think about how you want your assets to be distributed
at your death.
- Make an appointment with an attorney who specializes
in estate planning.
- Decide how much you wish to leave to the Center and
Orchestra.
- Contact us to discuss how your legacy can benefit
the programs of the Center and Orchestra.
- When you notify the Center and Orchestra of your bequest intention, we would be delighted to invite you to join the Roger L. Stevens Society.
The following examples are meant to illustrate a variety of bequest techniques. In consultation with an attorney, this language can be adapted to your individual circumstances as part of an overall estate plan.
1. Specific Bequest is a donation of a particular
dollar amount or a particular piece of property.
For example: I bequeath (dollar amount or description of property) to
the John F. Kennedy Center for the Performing Arts.
2. Residuary Bequest is a donation of all or part
of the assets remaining in your estate after debts, expenses and specific
bequests have been paid.
For example: I give, bequeath or devise (__% of) the rest, residue and
remainder of the property, both real and personal, wherever situated,
which I may own or be entitled to at my death, to the John F. Kennedy
Center for the Performing Arts.
3. Contingent Bequest are donations which take
effect only if the primary beneficiary or beneficiaries of the bequest
predeceases you.
For example: If neither my husband nor any descendants of mine survive
me, then I give, bequeath and devise all the rest, residue and remainder
of the property, both real and personal, wherever situated which I may
own or be entitled to at my death, to the John F. Kennedy Center for the
Performing Arts.
The John F. Kennedy Center for the Performing Arts