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Creating a will is essential to securing your legacy and your family’s future. A gift by will, otherwise known as a bequest, can be any shape and any size. What matters is that your gift fits you and your unique family and financial circumstances. Over the years, bequests have provided the IEEE Foundation with invaluable support that has helped foster a community dedicated to advancing technological innovation and excellence for the benefit of humanity.

Any Shape

With a charitable bequest, you can specify an amount of money or a certain percentage of your estate and leave it to your executor to make the arrangements. If you prefer, you can designate a percentage of the residuary, the amount remaining after all debts, taxes, expenses,and other bequests are paid. Or, if you are uncertain, you can even make your bequest gifts contingent on certain events occurring (or not occurring).

Any Size

Sometimes people think bequest gifts have to be very large or that they have to be rich to make one. Nothing could be further from the truth. IEEE Foundation has received bequest gifts of all sizes. Everything we achieve together in our community is made possible through philanthropy. Gifts of all sizes make a difference. What matters is that you pick the size that works for you and your family.

If You Would Like to Remember IEEE in Your Will

Here is an example of bequest language which you can share with your attorney:

Unrestricted:

“I give [the sum of $______ ] or [all (or stated percentage)] of the rest, residue, and remainder of my estate] to the IEEE Foundation, Incorporated, a corporation organized under the laws of the State of New York, with the business address of 445 Hoes Lane, Piscataway, NJ 08854-4141, USA.”

Or, for a specific program:

“I give [the sum of $______ ] or [all (or stated percentage)] of the rest, residue, and remainder of my estate] to the IEEE Foundation, Incorporated, a corporation organized under the laws of the State of New York, with business address of 445 Hoes Lane, Piscataway, NJ 08854-4141, USA to be used for the (name of the IEEE Organizational Unit, program, or project). In the event that such use shall, in the reasonable judgment of the IEEE Foundation’s Board of Directors, become impossible, illegal, or impracticable to fulfill, then for such similar purposes as the Board of Directors in their discretion shall determine.”

We Can Help

Bequests provide a powerful yet simple way to leave a legacy. Everyone who includes the IEEE Foundation in their estate plan is welcome to join our estate planning donor recognition group, the IEEE Goldsmith Legacy League.

As you consider your estate planning and charitable giving, remember the impact a bequest can have. If you’re interested in learning more about bequest giving to the IEEE Foundation, click here to complete our online interest form or contact Danny DeLiberato, Development Officer, by telephone at +1 732.562.5446 or by e-mail at d.deliberato@ieee.org. 

This article is intended to provide general gift-planning information. Our organization is not qualified to provide specific legal, tax, or investment advice, and this publication should not be looked to or relied upon as a source for such advice. Consult with your own legal and financial advisors before making any gift.