Advisors Guide for Planned Giving

Advisors Guide for Planned Giving

Gifts from Wills and Trusts:

When making a charitable gift to a nonprofit organization, it is vital the legal name of the charity, city and other identifying details be usedThe Epsilon Educational Endowment. To name in your will or trust please use the following suggested language:

Residual Bequest Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to The Epsilon Educational Endowment, Grand Rapids, MI,  (EIN 23-7010656) all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support.

 

Specific Bequest Language
You can also name The Epsilon Educational Endowment as a beneficiary of a specific amount from your estate:

I give and devise to The Epsilon Educational Endowment, Grand Rapids, MI,  (EIN 23-7010656) the sum of $ ________________________ (or “____ shares of __________________ stock”) to be used for its general support.

 

Contingent Bequest Language
The Epsilon Educational Endowment can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert individual heir’s name) is not living at the time of my demise, I give and devise The Epsilon Educational Endowment, Grand Rapids, MI,  (EIN 23-7010656) the sum of $ (or “all” or ” ___________ percentage of the residue of my estate”) to be used for its general support.

 

GIFTS OF APPRECIATED SECURITIES

The Epsilon Educational Endowment’s Broker: Fidelity Brokerage Services LLC
DTC: 0226
Account number: Z40-054304
Tax ID Number: 23-7010656

BENEFICIARY GIFTS FROM RETIREMENT PLANS, LIFE INSURANCE, BROKERAGE ACCOUNTS OR ANY OTHER PLAN WITH A BENEFICIARY DESIGNATION:

Please contact your plan provider for a change of beneficiary form. Once you have filled out the form, please send a copy to Steve Starnes, E’01, Epsilon Educational Endowment #4 at steve@grandwealth.com

Legal name: The Epsilon Educational Endowment
Tax ID number: 23-7010656
Address: 2746 Beechwood Dr SE
Grand Rapids,  MI  49506

NOTE TO ATTORNEYS, ACCOUNTANTS AND OTHER PROFESSIONAL ADVISORS:

Thank you for helping your client with their charitable planning. As a professional advisor, you build your client relationships on trust and mutual respect. The same is true for our relationships with our friends and donors.

We understand that financial, philanthropic, and estate goals are unique to the individual. For this reason, we welcome the opportunity to assist as you incorporate your clients’ philanthropic objectives into well-crafted estate plans. Furthermore, we encourage prospective donors to consult with their professional advisors before making decisions based on the information we provide.

If you have any questions or concerns, please call 616-802-4462 or email steve@grandwealth.com.

Disclosure: This information is not intended as legal advice. For more specific advice, please consult your attorney or financial adviser.