Maryland Public Television's Bequest Language
An excellent way for you to support Maryland Public Television's mission is to leave a bequest in your will, or trust. A significant benefit of making a gift by bequest is that does not change your lifestyle today but can leave a lasting legacy for generations to come.
There are a number of ways you can make a bequest to Maryland Public Television.
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Maryland Public Television in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Bequest of a Specific Dollar Amount
If you are considering making a bequest of a percentage of your estate to Maryland Public Television, we recommend the following language:
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
When making a restricted bequest, we recommend that your attorney include the following provision to give MPT flexibility should it no longer be possible for the station to use your gift as you originally intended:
Please contact us if you have any questions about how to make a bequest to Maryland Public Television or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
If you have included a bequest for Maryland Public Television in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
Types of Bequests
There are a number of ways you can make a bequest to Maryland Public Television.
Specific Bequest. A specific bequest involves making a gift of a specific asset or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Maryland Public Television.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to MPT.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Maryland Public Television.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to MPT.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to MPT.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Maryland Public Television.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to MPT.
Bequest Benefits
A bequest is generally a revocable gift, which means it can be changed or modified at any time.
If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Bequest Language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Maryland Public Television in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to the MPT Foundation, Inc., a nonprofit organization located at 11767 Owings Mills Blvd., Owings Mills, MD, 21117-1499, Federal Tax ID #52-1224503, for its general use and purpose.
2. Percentage BequestIf you are considering making a bequest of a percentage of your estate to Maryland Public Television, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Maryland Public Television, a nonprofit organization located at 11767 Owings Mills Blvd., Owings Mills, MD, 21117-1499, Federal Tax ID #52-1224503, for Maryland Public Television's general use and purpose.
3. Residual Bequest
I hereby give, devise and bequeath to Maryland Public Television, a nonprofit organization located at 11767 Owings Mills Blvd., Owings Mills, MD, 21117-1499, Federal Tax ID #52-1224503, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Maryland Public Television's general use and purpose.
4. Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Maryland Public Television, a nonprofit organization located at 11767 Owings Mills Blvd., Owings Mills, MD, 21117-1499, Federal Tax ID #52-1224503, DESCRIPTION OF PROPERTY to be used for Maryland Public Television's general use and purpose.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
When making a restricted bequest, we recommend that your attorney include the following provision to give MPT flexibility should it no longer be possible for the station to use your gift as you originally intended:
If, in the judgment of the Board of Directors of the MPT Foundation, Inc, it shall become impossible for Maryland Public Television to use this bequest to accomplish the specific purposes of this bequest, the income and principal of this gift may be used for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Contact Us
Please contact us if you have any questions about how to make a bequest to Maryland Public Television or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
If you have included a bequest for Maryland Public Television in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
