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The Museum of Tolerance* has been the designated beneficiary in numerous wills of generous donors from all over the United States and Canada. A great deal of our proactive social action and educational efforts can be directly linked to these generous individuals. These donors named the Museum of Tolerance, alongside their loved ones, as beneficiaries of their wills and received all the appropriate recognition associated with their generous major gifts.
Your testamentary charitable bequest ensures that your support of the Museum of Tolerance will continue in perpetuity. It is possible to designate a special purpose or program for your bequest, keep in mind, the specific needs of the Museum may change depending on the future state of world events. Therefore, it is preferable to authorize the Museum of Tolerance to use the bequest for its general charitable purposes in the event the designated use is determined to be inapplicable.
There are many types of Bequests:
Outright Bequest - The Museum of Tolerance is given a specific dollar amount or a specific asset, such as securities or marketable real estate.
Residuary Bequest - The Museum of Tolerance is given all or a percentage of the remainder of the estate after payment of all expenses of the estate and any other specific amounts bequeathed to other beneficiaries of the will.
Testamentary Trust - You may provide for income to be paid from the trust to a designated beneficiary, and after that individual's lifetime all or part of the principal passes to the Center.
Contingent Bequest - You may have family and friends for whom you feel a responsibility and choose to provide for them first in your will. The Museum is given a bequest only if the designated beneficiarie(s) predecease you.
The provisions in your will or revocable living trust for leaving a charitable bequest to the Museum of Tolerance will depend upon the type of gift and your unique circumstances. We hope these sample bequest clauses will be helpful to your attorney.
* The Simon Wiesenthal Center, Inc., (dba Museum of Tolerance), is a tax-exempt nonprofit corporation as described under Section 501(c)(3) of the Internal Revenue Code; the Federal Tax Identification Number: 95-3964928. Gifts and Bequests to the Simon Wiesenthal Center, Inc., (dba Museum of Tolerance), are tax deductible to the full extent provided by law.
For more information, contact:
Rabbi Meyer H. May