Church of the Most Holy Name Planned Giving
Thank you for visiting the planned giving page for Church of the Most Holy Name. Here you can learn more about naming the Church of the Most Holy Name as a beneficiary in your will. Such gifts might include a bequest and/or charitable income gifts, such as charitable gift annuities, charitable remainder unitrusts, charitable remainder annuity trusts, or gifts of life insurance. It is our hope that your foresight will also inspire the generosity of others. Thank you for your consideration.
Leaving a Bequest to Church of the Most Holy Name
Leaving a bequest in your will for Church of the Most Holy Name can be directed toward either a restricted or unrestricted fund. Church of the Most Holy Name is a qualified, tax-exempt charity pursuant to section 501(c)(3) of the Internal Revenue Code and as such, your estate may receive an unlimited estate-tax charitable deduction for the amount of your gift. Your bequest through your will may be for a specific dollar amount, or you may consider leaving Church of the Most Holy Name all or a percentage of the residuary of your estate.
Unrestricted Bequest of Specific Assets
The standard legal wording for this type of bequest is as follows:
“I give, devise and bequeath to Church of the Most Holy Name, 521 Woodland Street, Nashville, TN 37206, the sum of $________ (or property described) for its general purposes.”
In the event your legal adviser should ask for it, Church of the Most Holy Name tax identification number is 62-0488032.
Unrestricted Bequest of a Percentage of Your Estate
This is a good technique for ensuring that Church of the Most Holy Name will receive the desired portion of your eventual estate, no matter how the nature and disposition of your assets might change and grow over the years. If you wish, the residual amount of your estate can be directed to Church of the Most Holy Name after bequests are directed to family members and friends.
The appropriate wording would be as follows: “I give, devise and bequeath _____ (percent) of the rest, residual and remainder of my estate to Church of the Most Holy Name, 521 Woodland Street, Nashville, TN 37206 for its general purposes.”
Contingent Unrestricted Bequest
In the event you may be predeceased by an heir, you can designate Church of the Most Holy Name as a contingent beneficiary of all or a portion of your estate. Such a bequest would read:“In the event that _______________ (name of primary beneficiary) should not survive me, I give, devise and bequeath ________ (the desired sum, property or percentage of your estate) to Church of the Most Holy Name, 521 Woodland Street, Nashville, TN 37206, for its general purposes.”