Galveston Bay Foundation
Gift and Estate Planning
As the Galveston Bay Foundation celebrates its 25th anniversary in 2012, we look back at a rich history of accomplishments and also look forward with a vision for the next 25 years and beyond to protect this important natural resource for current and future generations.
You can join us in having a lasting impact on the future of our children and grandchildren by remembering the Galveston Bay Foundation in your estate plans with a charitable bequest or by naming the Galveston Bay Foundation as the beneficiary of any assets that transfer outside of probate such as an IRA account, 401K, or life insurance policy.
Designating GBF as a beneficiary or making a gift to GBF in your will or revocable trust enables you to maintain your lifestyle and commitments today while supporting the Galveston Bay Foundation tomorrow.
Donors choose a bequest because:
- It is easy to arrange.
- It is not payable until death, so it does not affect your assets or cash flow during your lifetime.
- It is revocable - you can change the provisions in your will or trust at any time, and
- It is private - your will is not filed or made public until your death.
Sample Gift Language
A bequest can deliver a specific gift to the Galveston Bay Foundation ("I bequeath to the Galveston Bay Foundation (Tax ID # 76-0279876), located at 17330 Highway 3, Webster, TX 77598, the sum of Ten Thousand [$10,000] Dollars").
Or it can deliver a percentage of the balance remaining in your estate after taxes, expenses and specific bequests have been paid — what's known as the residue ("I bequeath Ten [10%] Percent of the residue of my estate").
Alternatively, the Galveston Bay Foundation can be named as a contingent beneficiary if one or more of your specific bequests cannot be fulfilled.
Great Blue Heron Society
When you notify us that you have named the Galveston Bay Foundation in your will or estate plan, you will become a member of the Great Blue Heron Society, which is our way of recognizing your remarkable commitment to the future of the Galveston Bay Foundation and its important mission. If you prefer to remain anonymous, we will keep your commitment confidential.
Great Blue Heron Society benefits include:
For more information or to notify us that you have included the Galveston Bay Foundation in your will or estate plans, contact Sharon Roark at firstname.lastname@example.org or call (281) 332-3381 x 204.
The Galveston Bay Foundation cannot render tax or legal advice. Please consult your professional advisor about your specific situation before making a charitable gift.