The different types of legacy you can leave in your Will

A share of your estate

Once you have taken care of your family and friends, you can leave a share or the remainder of your estate to us. This is called a “residuary gift”. Suggested wording: “I give all OR [ ]% of the residue of my estate to: Shule Foundation, Inc       (501(C) 3 - EIN 46-4988103) - 211 East 35th street, 3G, New York, NY 10016 USA for its general purposes absolutely and the receipt of its Treasurer or other proper officer shall be a full and sufficient discharge to my executors”.

A gift of money in your Will

You can choose to leave us a specific amount of money, outlined in your Will. This is called a “pecuniary gift”. Suggested wording: “I give free of tax the sum of $____ to Shule Foundation, Inc (501(C) 3 - EIN 46-4988103) - 211 East 35th street, 3G, New York, NY 10016 USA for its general purposes absolutely and the receipt of its Treasurer or other proper officer shall be a full and sufficient discharge to my executors”.

A specific gift in your Will

You can choose to leave us a specific item, such as jewellery or a house when making a Will. This is called a “specific gift”. Suggested wording: “I give to Shule Foundation, Inc (501(C) 3 - EIN 46-4988103) - 211 East 35th street, 3G, New York, NY 10016 USA for its general purposes absolutely my ____ [name and description of item] and the receipt of its Treasurer or other proper officer shall be a full and sufficient discharge to my executors”.

A reversionary gift

If you are setting up a trust for someone to use over a period of time (such as their lifetime), the gift can be passed on to other recipients (such as a charity) when the time has ended. This is known as a “life interest." A reversionary gift will leave your estate to your dependents while they are living, and it will revert to Shule Foundation, Inc. after they pass away. We recommend you discuss this further with a solicitor as it is important that the wording is correct.

Restricted gifts

If you would like your legacy donation to be used in a certain way – in a specific country, or for a particular kind of project, you can outline this wish when making your Will. Please phrase this as a request rather than a condition to the legacy, as if circumstances change in countries or on projects, we may not be able to accept your legacy gift. We would encourage you to consider leaving a gift without any restriction. Thank you for considering leaving a legacy gift in your Will to Shule. If you'd like to talk to us about leaving a gift in your Will, please contact us at +1(646) 479-4434 or info@shulefoundation.org.

Learn more about "Leaving a Legacy" here.