Bequest Language
The official bequest language for The Kinkaid School is: "I, [name], of [city, state, Zip], give, devise, and bequeath to The Kinkaid School (EIN 76-0295523), of 201 Kinkaid School Drive, Houston, TX 77024, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
An unrestricted gift is a gift that can be used in areas of greatest need.
“I, (name), of (city, state, Zip), give to The Kinkaid School (EIN 76-0295523), of 201 Kinkaid School Drive, Houston, TX 77024, (written amount or percentage of the estate or description of property) to be used for its unrestricted use and general purposes.”
A gift for a specific purpose is a gift that is to be used for a purpose you designate.
“I, (name), of (city, state, Zip), give to The Kinkaid School (EIN 76-0295523), of 201 Kinkaid School Drive, Houston, TX 77024, (written amount or percentage of the estate or description of property) to be used for (state purpose).”
An endowment fund is a gift that lasts in perpetuity.
“I, (name), of (city, state, Zip), give to The Kinkaid School (EIN 76-0295523), of 201 Kinkaid School Drive, Houston, TX 77024, (written amount or percentage of the estate or description of property) to be used as a permanent endowment, the income only from which shall be used for its general purposes (or describe the specific purpose, if desired).”
A residuary bequest leaves any remainder after all other bequests have been paid.
“I, (name), of (city, state, Zip), give to The Kinkaid School (EIN 76-0295523), of 201 Kinkaid School Drive, Houston, TX 77024, all the rest, residue, and remainder of my estate to be used for general purposes (or describe the specific purpose, if desired).”
A contingency gift takes effect only if a primary intention cannot be fulfilled.
“If (name of beneficiary) does not survive me or shall die during the administration of my estate or as a result of a common disaster, then I give The Kinkaid School (EIN 76-0295523), of 201 Kinkaid School Drive, Houston, TX 77024, all of the rest, residue, and remainder of my estate to be used for general purposes.”
Language to include with all restricted gifts:
“Should the fulfillment of the purpose of our gift become obsolete, inappropriate, or impracticable, as determined by the Board of Trustees, then our gift should be used for the purpose most in keeping with our special interests.”
For more information on types of gifts that can be made through a bequest, visit our website or contact Lisa Wood at (713) 243-5023 or lisa.wood@kinkaid.org.
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