Specific Dollar Amount of Property
“I give, devise and bequeath to The Church Studio Music Foundation (Tax ID #81-5331367), located in Tulsa, Oklahoma, [amount] to be used for its general support and charitable purposes without restriction.”
Percentage of Estate
“I give, devise and bequeath to The Church Studio Music Foundation. (Tax ID #81-5331367), located in Tulsa, Oklahoma, [percentage] of my estate to be used for its general support and charitable purposes without restriction.”
Residuary
“I give, devise and bequeath to The Church Studio Music Foundation (Tax ID #81-5331367), located in Tulsa, Oklahoma, all of the rest, residue, and remainder of my estate to be used for its general support and charitable purposes without restriction.”
Contingent Gift of Residuary of Estate
“If [primary beneficiary] does not survive me, I give, devise and bequeath to The Church Studio Music Foundation (Tax ID #81-5331367), located in Tulsa, Oklahoma, all of the rest, residue and remainder of my estate to be used for its general support and charitable purposes without restriction.”
Restricted Bequests
If you are considering a bequest but prefer your bequest be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
Additional Planned Giving Options
- Beneficiary Designations: Donors can name Stand in the Gap, Inc. as a beneficiary on a retirement plan, investment account, or life insurance policy.
- Gifts of Life Insurance: Donors can gift a paid-up life insurance policy. Some donors find this option favorable, especially as their children grow into adulthood.
- IRA Rollover Gifts: Donors can gift all or a portion of their Required Minimum Distribution (“RMD”), up to $100,000 annually, and potentially avoid paying taxes on the RMD. This option can be especially favorable for donors who don’t itemize their charitable donations.
- Irrevocable Trusts: Donors can use certain irrevocable trusts, like a Charitable Remainder Trust, to give appreciated assets to The Church Studio Music Foundation, while saving money on income and estate taxes.
Naming The Church Studio Music Foundation in Your Estate Plan Makes a Lasting Impact
Before making planned gifts, please consult your estate planning attorney, tax advisor, or financial planner. The Church Studio can offer recommendations on planning professionals if you would be interested in referrals of professionals with whom our donors have worked.
If you have included a bequest for The Church Studio in your estate plan, please let us know. We would like to thank you and recognize you for your gift.
The Church Studio Music Foundation (Tax ID #81-5331367)