Legacy Gift - Bequest

will Leaving the SETI Institute a Bequest in your Will will help us in our mission to explore, understand, and explain the origin, nature and prevalence of life in the universe.

The Institute encourages donors to tailor their Bequests to programs and areas of their greatest interest. In this way, donors fulfill their dreams and are assured they leave a lasting footprint, profoundly impacting the Institute’s mission, its programs, and the future of science. Many donors leave their gifts unrestricted so they may be directed to the area of greatest need.

How it works

You can provide now for a future gift to the SETI Institute by including a Bequest provision in your Will or revocable trust. Your Will or trust directs assets to your heirs. Your Will or trust directs a Bequest to the SETI Institute for the purpose(s) you specify.

  

Benefits

  • Your assets remain in your control during your lifetime.
  • You can modify your Bequest if your circumstances change.
  • You can direct your Bequest to a particular purpose (be sure to check with the SETI Institute to make sure your gift can be used as intended).
  • There is no upper limit on the estate tax deductions that can be taken for charitable Bequests.
  • You can have the satisfaction now of knowing that your Bequest will support the SETI Institute in the way you intended when you are gone.

A Bequest is simple and convenient. There are a number of ways you can remember the SETI Institute in your Will:

  • You can make a Bequest for a specific dollar amount or for a percentage of your estate
  • You can designate your Bequest for general use or you can restrict its use. Many individual establish endowments that honor the memory of a family member or another loved one. These endowments live forever since only the income is used annually.

Since a Will is an important legal document, you should seek an attorney’s help. To assist you with this important process, we offer some suggested Bequest wording below:

Outright Bequest: Sum of Money

I give, devise and bequeath to SETI Institute, a nonprofit corporation located in Mountain View, California (taxpayer identification number 94-2951356), the sum of $______________, for the benefit of the SETI Institute, to be used for the following purpose: [Example: Deposit into their unrestricted fund so that it may be directed to the areas of greatest need.]

Outright Bequest: Specific Property

I give, devise and bequeath to SETI Institute, a nonprofit corporation located in Mountain View, California (taxpayer identification number 94-2951356), the following property: (Enter a specific description of property), for the benefit of the SETI Institute, to be used for the following purpose:

Bequest of Residuary Estate

I give, devise and bequeath to SETI Institute, a nonprofit corporation located in Mountain View, California (taxpayer identification number 94-2951356), all of the rest, residue, and remainder of my estate, of whatever kind and wherever situated, which I may own or have the right to dispose of at the time of my death, for the benefit of the SETI Institute, to be used for the following purpose:

Bequest of Percentage of Residuary Estate

I give, devise and bequeath to SETI Institute, a nonprofit corporation located in Mountain View, California (taxpayer identification number 94-2951356), ____ percent of the rest, residue, and remainder of my estate, of whatever kind and wherever situated, which I may own or have the right to dispose of at the time of my death, for the benefit of the SETI Institute, to be used for the following purpose:

Contingent Bequest

In the event that any Bequest or devise of any portion of my estate shall lapse or fail for any reason, I give, devise and bequeath that portion to SETI Institute, a nonprofit corporation located in Mountain View, California (taxpayer identification number 94-2951356), for the benefit of the SETI Institute, to be used for the following purpose:

Making Changes to a Will
To avoid the expense of having a new Will drawn up, minor alterations can be made to an existing Will by means of a codicil, which is an amending document.

Sample Codicil to a Will

[Date of Codicil]
[Location]

This is a codicil to the Last Will and Testament of [Name], of [Address], to my Will dated [Date of Will].

I leave to the SETI Institute, of Mountain View, California, [Details of gift: specific whether sum of money, percentage, residual or contingency].

I direct that the receipt of the Chief Financial Offier for the time being, or other designated officer of the SETI Institute, be sufficient discharge for my trustees for the payment of said Bequest.

All other terms in my Will remain the same.

[Your signature]

[Signatures of two witnesses: neither they nor their spouses can take benefit from the Will]

Special Recognition

It is the desire of the SETI Institute to personally thank those who support the Institute with planned gifts, such as estate plans. Please advise this office if you or your client will be remembering the SETI Institute in any revocable or irrevocable gift plan.

We treasure such supporters and in addition to personally thanking them, we want to honor them with membership in the SETI Institute’s Legacy Society. Members receive an attractive certificate of recognition and a gift of appreciation. Additionally, with their permission, we like to make a special recognition of the gift in an annual publication.

However, some supporters wish to remain anonymous. If this is the case with your client, please permit us to send the items of appreciation to your office for you to pass on to your client. We would appreciate if you could provide us with the name for the certificate so we can gratefully acknowledge their gift. Their name will not appear in any publication.

Get professional advice

We strongly encourage our donors, prospects and supporters to seek the advice of qualified professionals prior to making any planned gift to ensure the best possible outcome for you and the SETI Institute.