When you decide to include the Indiana Bar Foundation in your Will, you make the ultimate gift. Your legacy will help ensure that the Foundation can continue to advance its programming far into the future.
A gift by Will or bequest is totally deductable for estate tax purposes. Here are different ways to support the Foundation through charitable bequest, along with commonly used language:
- A residual bequest grants the residue, or portion of the residue, of your estate to the Foundation after explicit bequests have been made; “I give to the Indiana Bar Foundation, a non-profit organization located at 230 East Ohio Street, Indianapolis, Indiana 46204, all (or ___%) of the rest, residue and remainder of my estate, both real and personal property of whatever kind and wheresoever situated.”
- A specific bequest of a stated dollar amount or specific securities; “I give to the Indiana Bar Foundation, a non-profit organization located at 230 East Ohio Street, Indianapolis, Indiana 46204, the sum of ___ dollars (or describe the specific property or security you intend to give).”
- A contingent bequest in case one or more of your bequests cannot be fulfilled; “If any of the above-named beneficiaries should predecease me, I hereby give his/her share of my estate to the Indiana Bar Foundation, a non-profit organization located at 230 East Ohio Street, Indianapolis, Indiana 46204.”
- A life income bequest which gives income to someone close to you with the principal reverting to the Foundation after his/her lifetime.
You should always consult your attorney when drawing up or revising you Will to ensure your intentions are carried out properly.
The Indiana Bar Foundation is a non-profit organization under section 501(c)(3) of the Internal Revenue Code. The name and address to include in your Will is:
Indiana Bar Foundation
230 East Ohio Street
Suite 400
Indianapolis, IN 46204
If you have any questions or need additional information, please call the Foundation's executive director or development director (317-269-2415) or contact us online.
We recommend that you consult with your attorney or tax advisor for the various tax benefits and restrictions that may apply to your specific situation. We are available to you and your advisors to answer questions or help arrange a planned gift to the Foundation. The Foundation’s future programs depend on the partnerships we form today.
