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The following is a description of different bequests types along with sample language using the legal name of the Foundation.
Residuary Bequest: A gift of all or a portion of what remains in your estate after other specific gifts are made.
“I give ___% of the rest, residue and remainder of my estate to the Cancer Research Fund of the Damon Runyon-Walter Winchell Foundation, a charitable corporation located in New York, NY for its general charitable purposes.”
Specific Bequest: A gift of a specific sum of money, shares of stock, real estate or personal property.
“I give the sum of $ ___ (or insert description of asset) to the Cancer Research Fund of the Damon Runyon-Walter Winchell Foundation, a charitable corporation located in New York, NY for its general charitable purposes.”
Contingent Bequest: A gift that takes place upon a certain condition such as the death of a primary beneficiary.
“If any of the above named beneficiaries should predecease me, I give his or her share of my estate to the Cancer Research Fund of the Damon Runyon-Walter Winchell Foundation, a charitable corporation located in New York, NY for its general charitable purposes.”