Bequest Language

A gift to Nashville Rescue Mission in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations. A bequest:

• is easy to arrange.
• will not alter your current lifestyle in any way.
• can be easily modified to address your changing needs.

Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to Nashville Rescue Mission (Tax ID #EIN 45-2424130), located in Nashville, TN, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).

Specific Gift Language

Naming Nashville Rescue Mission as a beneficiary of a specific amount from your estate is easy:

I give and devise to Nashville Rescue Mission (Tax ID #EIN 45-2424130), located in Nashville, TN, ( ___________ %  of the residue of my estate) or (the sum of $___________  or asset) to be used for its general support (or for the support of a specific fund or program).

Contingent Gift Language

Nashville Rescue Mission or its affiliates can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to Nashville Rescue Mission (Tax ID #EIN 45-2424130), located in Nashville, TN, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

Retirement Plan Beneficiary Language

You may name Nashville Rescue Mission (Tax ID #EIN 45-2424130) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming Nashville Rescue Mission as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Nashville Rescue Mission as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to support Nashville Rescue Mission free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Nashville Rescue Mission. We can also assist you with the proper language for your beneficiary designation to Nashville Rescue Mission.

Customized Language

If you or your attorney would like Nashville Rescue Mission to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.

What Is a Bequest?

A bequest is a gift made through your will or living trust – can be the easiest gift to make to Nashville Rescue Mission because it costs you nothing during your lifetime. Plus, it’s “revocable,” so you can update or change it if circumstances change. If you already have a will or living trust, you can amend it to include a bequest to Nashville Rescue Mission with a simple codicil. Download a typical sample codicil here.

Typical Donor Profile

Bequests are one of the easiest and most popular gift plans. This plan can fit any prospect: single, married, child-free or multi-generational, wealthy or not. Often a bequest is simply a set amount or percentage of an estate set aside to make a gift to
The Nashville Rescue Mission. Do you already have a will and do not want to pay your attorney to change it? In most states a donor can execute a simple codicil (or will addition) to make the gift in a cost-effective manner.