Sample Wording

When arranging a gift to the Pivot Foundation in your will, please consider the following sample wording. This is not considered legal advice but will assist you when discussing these matters with your legal counsel.

Residual gift: Pivot Foundation is given all or a percentage of what remains of the estate after paying debts, taxes, expenses, and other bequests.

“I give to Pivot Foundation, charitable registration number (BN) 894510502 RR0001, [insert all or stated percentage] of the rest, residue, and remainder of my estate to be used for the general purposes of Pivot Foundation at the discretion of the Board of Directors.”

Specific bequest: a sum of money or property such as real estate, art, securities, etc.

“I give to Pivot Foundation, charitable registration number (BN) 89451 0502 RR0001, [insert amount or description of property] estate to be used for the general purposes of Pivot Foundation at the discretion of the Board of Directors.” 

Contingent bequest: this gift takes place only if the testator is not survived by certain individuals. Sample wording is available upon request.

Charitable remainder trust: a designated portion of the estate property is used to fund the trust, which then pays the net income to the beneficiary or beneficiaries or at the end of a term of years, the trust principal is distributed to Pivot Foundation. Sample wording is available upon request.

Katie Koncan, Development Manager, would be happy to answer your questions or assist you with your gift planning. Katie can be reached at (604) 255-9700 ext. 158 or katie@pivotlegal.org

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