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 Bequest Benefits

A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes.

Types of Bequests

There are a number of ways you can make a bequest for Montserrat Jesuit Retreat House:

Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount.

Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity.

Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity.

Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to charity.

If you need more advanced information about planned giving, we have partnered with The Catholic Foundation to provide you with the most up-to-date ways of fulfilling your charitable intentions. Click here to access The Catholic Foundation website or call 972-661-9792.

 Bequest Language

In order to make a bequest, you should speak with your attorney. Your attorney can help you include a charitable bequest in your estate plan. We have provided some basic bequest language to assist you and your attorney.

1. Specific Bequest

If you are considering making an outright bequest to Montserrat Jesuit Retreat House or The Catholic Foundation for the benefit of The Montserrat Jesuit Retreat House Endowment Fund, we recommend the following language: 

  • Bequest of a Specific Dollar Amount
    I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to The Catholic Foundation, a nonprofit organization located at 5310 Harvest Hill Road, Suite 248, Dallas, TX, 75230, Federal Tax ID #75-1106620 for the benefit of The Montserrat Retreat House Endowment Fund.

  • Bequest of Specific Personal Property
    I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to The Catholic Foundation, a nonprofit organization located at 5310 Harvest Hill Road, Suite 248, Dallas, TX, 75230, Federal Tax ID #75-1106620 for the benefit of The Montserrat Jesuit Retreat House Endowment Fund.

  • Bequest of Specific Real Estate
    I hereby give, devise, and bequeath all of the rights, title, and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to The Catholic Foundation, a nonprofit organization located at 5310 Harvest Hill Road, Suite 248, Dallas, TX, 75230, Federal Tax ID #75-1106620 for the benefit of The Montserrat Jesuit Retreat House Endowment Fund.

2. Percentage Bequest

If you are considering making a bequest of a percentage of your estate to Montserrat Jesuit Retreat House Endowment Fund of The Catholic Foundation, we recommend the following language:

I hereby give, devise, and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to The Catholic Foundation, a nonprofit organization located at 5310 Harvest Hill Road, Suite 248, Dallas, TX, 75230, Federal Tax ID #75-1106620 for the benefit of The Montserrat Retreat House Endowment Fund.

3. Residual Bequest

I hereby give, devise, and bequeath to The Catholic Foundation, a nonprofit organization located at 5310 Harvest Hill Road, Suite 248, Dallas, TX, 75230, Federal Tax ID #75-1106620 for the benefit of The Montserrat Retreat House Endowment Fund, the rest, residue and remainder of my estate.

4. Contingent Bequest

If (primary beneficiary) does not survive me, then I hereby give, devise, and bequeath to The Catholic Foundation, a nonprofit organization located at 5310 Harvest Hill Road, Suite 248, Dallas, TX, 75230, Federal Tax ID #75-1106620 for the benefit of The Montserrat Retreat House Endowment Fund, a (DESCRIPTION OF PROPERTY).