Sample Bequest Language

The Schoolhouse Society honors those who have created a legacy gift for the Academy in dedication to our centuries of tradition and innovative education.

The following language may help you and your attorney when creating a legacy gift for The Governor’s Academy that meets your needs:

  • Bequest for General Purposes. If you intend to make an outright bequest of cash, securities, or other property to The Governor’s Academy to be used for general purposes. Note: retirement plan benefits, IRAs, and savings bonds and other items known as “income in respect of a decedent” (IRD) are particularly tax effective gifts to charity.

"I give, devise, and bequeath to The Governor’s Academy, 1 Elm Street, Byfield, MA, a Massachusetts charitable organization (Tax ID 04-2103564) the sum of $_______(or % of estate, or description of specific asset), for the benefit of The Governor’s Academy for its general purposes/unrestricted support."

  • Bequest for Specific Purposes. If you intend to make an outright bequest for a specific purpose, such as to support financial aid, faculty compensation, endowment, arts and athletics, etc.

"I give, devise, and bequeath to The Governor’s Academy, 1 Elm Street, Byfield, MA, a Massachusetts charitable organization (Tax ID 04-2103564), the sum of $_______ (or a % of estate, or description of the specific asset), for the benefit of The Governor’s Academy to be used for the following purpose: (state the purpose). If at any time in the judgment of the Academy it is impossible or impracticable to carry out exactly the designated purpose, an alternative purpose shall be determined as near as possible to the designated purpose."

  • Residual Bequest. If you intend to leave the residue portion of your assets after other terms of the will have been satisfied:

"All the rest, residue, and remainder of my estate, both real and personal, I give to The Governor’s Academy, 1 Elm Street, Byfield, MA, a Massachusetts charitable organization (Tax ID 04-2103564), for its general purposes, etc.”

  • Contingent Bequest. If you wish to make a contingency gift, so that The Governor’s Academy will receive a portion of your estate if your named beneficiary does not survive you:

"I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name of beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to The Governor’s Academy, 1 Elm Street, Byfield, MA, a Massachusetts charitable organization (Tax ID 04-2103564), for its general purposes, etc."

  • Irrevocable Bequest. If you wish to make binding, in advance, your future gift commitment through your will or trust.

"I irrevocably give, devise, and bequeath to The Governor’s Academy, 1 Elm Street, Byfield, MA, a Massachusetts charitable organization (Tax ID 04-2103564), the sum of $_______ or _______% of my estate for the benefit of The Governor’s Academy to be used for the following purpose: (state the purpose, i.e., endowment, financial aid, faculty compensation, etc.).”

"It is my intention that this promise shall be binding upon my estate and shall be treated as a valid charge against it in the event my Last Will and Testament does not provide for the payment of the funds pledged, or in the event that I die intestate."

 

For more information, please contact Ray Goodman at 978.499.3196 or via email rgoodman@govsacademy.org.

The Governor's Academy Leadership Gift Societies



These gifts receive special recognition in the Annual Report
The 1763 Society~$50,000 and above
The Milestone Society~$25,000-$49,999
The William Dummer Society~$10,000-$24,999
The Elm Street Society~$5,000-$9,999
The Master Moody Society~$2,500-$4,999
The Headmaster's Society~$1,000-$2,499
The Lt. Governor's Society (graduates of the last decade)~$100 and above

 

Corporate Matching Gifts
Many companies offer a matching gift program to encourage employees to contribute to non-profit organizations. These programs can allow you to double, or even triple, the value of your gift!

Click here to see if your company will match your gift. 

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