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Catholic Foundation, Diocese of St. Augustine's Bequest Language
Types of Bequests
There are a number of ways you can make a bequest to Catholic Foundation, Diocese of St. Augustine.
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 Catholic Foundation, Diocese of St. Augustine.
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 Catholic Foundation, Diocese of St. Augustine.
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 Catholic Foundation, Diocese of St. Augustine.
Bequest Benefits
Bequest Language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Catholic Foundation, Diocese of St. Augustine in your estate plan which can be made in perpetuity to a specific fund benefitting your parish, Catholic school or favorite ministry. You may also leave a cash gift to any of these entities. We have provided some basic bequest language to assist you and your attorney.
The following is suggested language for use in your will, trust or other estate planning documents. Your gift plan is very important and the Catholic Foundation is ready to assist you or your professional advisors should you need further information. You are encouraged to register your gift intentions with the Foundation by completing a legacy society registration and becoming a valued member of the Order of Augustin Verot. Details of your gift will be kept confidentially on file. You may also allow us to acknowledge you publicly as a future benefactor or remain anonymous.
NOTE: All the provisions below may be made directly to the Diocese of St. Augustine or "restricted" for the benefit of a Diocesan parish, school and/or ministry:
For a gift provision in a will or trust:
1) for a perpetual gift to the restricted fund of a beneficiary:
I devise (an amount equal in value to _____%) of my entire estate OR (the sum of $_______) passing under this Will (or trust) to Erik T. Pohlmeier as Bishop of the Diocese of St. Augustine, or his successor in office, at 11625 Old St. Augustine Rd., Jacksonville, Florida 32258, for The Catholic Foundation of the Diocese of St. Augustine, the income from said gift to be for the exclusive use and benefit of __________________NAME & ADDRESS OF PARISH, SCHOOL OR MINISTRY
2) for an outright cash gift made directly to a beneficiary:
I devise (the sum of $_______) OR (an amount equal in value to ____% of my entire estate passing under this Will) to Erik T. Pohlmeier as Bishop of the Diocese of St. Augustine, or his successor in office, at 11625 Old St. Augustine Rd., Jacksonville, Florida 32258, for the use and benefit of __________________NAME & ADDRESS OF PARISH, SCHOOL OR MINISTRY (gift goes directly to entity when received)
For a beneficiary designation in an insurance policy, retirement plan or charitable remainder trust:
1) Designation of Beneficiaries page:
Erik T. Pohlmeier, Bishop of the Diocese of St. Augustine or his successor
2) Beneficiary Information page(s) for gift to the endowment fund for the Catholic Foundation or restricted to a parish, school or ministry's fund at the Foundation:
Erik T. Pohlmeier as Bishop of the Diocese of St. Augustine, or his successor, for The Catholic Foundation of the Diocese of St. Augustine [FBO ________________ fund if appropriate] in perpetuity.
EIN: 59-3271754 [for perpetual gift unrestricted to the Catholic Foundation or restricted to one or more restricted fund entities]
3) Beneficiary Information page(s) for a cash gift to the Diocese of St. Augustine or restricted to a parish, school or ministry:
Erik T. Pohlmeier as Bishop of the Diocese of St. Augustine, or his successor, for The Diocese of St. Augustine [FBO ________________ Diocesan entity if appropriate].
EIN: 59-0637829 [for cash gift unrestricted to Diocese of St. Augustine or restricted to one or more Diocesan entities]
4) Address of Beneficiary page:
▶ Cash Gifts unrestricted to the Diocese of St. Augustine -
11625 Old St. Augustine Rd., Jacksonville, Florida 32258
▶ Cash Gifts restricted to a parish, school or ministry - use business address of entity
▶ Endowed Gifts unrestricted to the Catholic Foundation, Diocese of St. Augustine -
11625 Old St. Augustine Rd., Jacksonville, Florida 32258
▶ Endowed Gifts to the Catholic Foundation benefitting a parish, school or ministry -
11625 Old St. Augustine Rd., Jacksonville, Florida 32258
If your gift is at least $25,000, you may wish to create a named restricted fund by including the following language.
"The property comprising this gift may, for investment purposes, be merged with any of the Catholic Foundation's investment assets. However, the gift shall be designated in the foundation's books as the ________________ [name] Fund, shall always be so designated, and the income from there, but not the principal, shall be used for ________________ [stated purpose] of the Catholic Foundation, Diocese of St. Augustine, Florida."
It is requested that you contact the Catholic Foundation prior to such arrangements to ensure the beneficiary entity is willing and capable of accepting the gift for your desired purposes in perpetuity.
Restricted Bequests
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Catholic Foundation, Diocese of St. Augustine flexibility should it no longer be possible for Catholic Foundation, Diocese of St. Augustine to use your gift as you originally intended:
Contact Us
Please contact us if you have any questions about how to make a bequest to Catholic Foundation, or to any entities within the Diocese of St. Augustine 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 the Catholic Foundation, the Diocese of St. Augustine or any diocesan entities in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
