Make a Bequest
Wills and Estate Plan Gifts
Did you know it is estimated that 70% of us do
not have a will? Drawing up a will can be a first step toward a wise
financial plan for you and your family, as well as for making a legacy
gift to Friends of Nevada Wilderness. A valid will allows you—not state
law—to determine how your assets and life’s work will be distributed.
Whether providing for a spouse, children, a charitable organization like
Friends of Nevada Wilderness, or all of these, your will should be
prepared with the help of an attorney and reviewed regularly. If you
already have a will, you may add a "codicil" providing for a charitable
What is a Bequest?
is a section of your will that directs the executor of your estate to
make a gift from your assets to the person and/ or institution of your
choice after you die. Bequests may be used to provide gifts of money,
real estate, stocks, or even works of art or jewelry. Bequests may also
be used to establish charitable trusts which can provide funds for heirs
and at the same time set aside funds for charity.
A specific bequest is the simplest form of
bequest. It designates a fixed dollar amount or specific property to a
beneficiary (in this case, Friends of Nevada Wilderness). This type of
bequest is appropriate when you have an item of value (stocks, bonds,
real estate) or a definite dollar amount you wish to leave to as a
Residual or proportional bequests
designate either your entire estate or a percentage of your estate AFTER
other specific bequests are distributed. The advantage of designating a
proportion of your estate to Friends of Nevada Wilderness is that the
bequest automatically adjusts in size as your estate increases or
decreases over the years.
are carried out only if circumstances make it impossible to carry out a
primary bequest. For example, if all other beneficiaries are deceased,
then a contingent beneficiary, such as Friends of Nevada Wilderness
receives a bequest.
Bequest Wording In
general the following language may be inserted in your will (or in a
codicil to your will) to accomplish a simple bequest to Friends of
Nevada Wilderness For more complex bequests, such as those to establish
charitable trusts, etc., please check with your estate planner. “I give
to the Friends of Nevada Wilderness, a nonprofit corporation organized
and existing under the laws of the Nevada, and with the current business
address of 1 Booth St., Reno, NV 89509, and Federal tax ID # 88-0211763,
the sum of $ ________________
OR all of my interest in the following described
OR ____ percent OR all of the residue of my
estate, To be used as the Board of Directors of Friends of Nevada
Wilderness shall determine,
OR to be used for the benefit of
__________________ (name of project or activity—you can specify a
particular activity, such as wilderness stewardship, or as an endowment
so your gift lives in perpetuity).
If in future years, the above stated purpose is
no longer necessary, practical or possible, the Board of Directors of
Friends of Nevada Wilderness shall use its discretion to designate this
gift for a related purpose the best promotes and supports its mission.
Tax Benefits of Bequests The property and
assets you own when you die may be subject to a state and federal estate
tax. One of the few deductions which are allowed are those for gifts
made through your will to a charitable organization like Friends of
Nevada Wilderness. Thus, depending on the value of your estate and your
own financial situation, bequests can result in major tax savings for
your estate. You should consult with your tax accountant as to how your
bequest will affect your own estate taxes.
We’d Like to Say Thanks
include us in your will or estate plan, we hope you will share this with
us. We would love to acknowledge your invaluable support. We want to
talk with you so that when the time comes, we can make sure we do
exactly as you wish.
We Can Help We welcome any questions you
or your financial advisors may have about Friends of Nevada Wilderness.
Please feel free to call Friends of Nevada Wilderness Executive
Director, Shaaron Netherton at (775) 324-7667.
“Designating wilderness is not enough.
Wilderness needs stewardship to stay forever wild. Friends is in this
for the long run. That’s why I have included Friends of Nevada
Wilderness in my estate plans. I invite you to do the same.”
“Coming from Switzerland, a country without
wilderness and with a landscape that has been modified by humans for
centuries, I deeply appreciate wilderness-quality lands—untouched by
people. Preservation of unique habitats and open space for flora, fauna
and people is very important to me. ”