Plan Your Will
Request a Wills Guide
Sign up for eNewsletter
Text Resize

Moody's Bequest Language

An excellent way for you to support Moody's mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.

Types of Bequests


There are a number of ways you can make a bequest to Moody.

Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift of a specific dollar amount. For example, you may wish to leave your home or $10,000 to Moody.

Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Moody.

Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away any specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Moody.

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 Moody.

Bequest Benefits


A bequest is generally a revocable gift, which means it can be changed or modified at any time during your life. 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.

Bequest Language


In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Moody 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 Moody, we recommend the following language:

Bequest of a Specific Dollar Amount

I hereby give, devise and bequeath _________ dollars ($DOLLARS) to THE MOODY BIBLE INSTITUTE OF CHICAGO, a nonprofit organization currently located at 820 N. LaSalle Blvd., Chicago, IL, 60610, Federal Tax ID #36-2167792, for Moody's general use and purpose.

Bequest of Specific Personal Property

I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to THE MOODY BIBLE INSTITUTE OF CHICAGO, a nonprofit organization currently located at 820 N. LaSalle Blvd., Chicago, IL, 60610, Federal Tax ID #36-2167792, for it's general use and purpose.

Bequest of Specific Real Estate

I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Moody, a nonprofit organization located at 820 N. LaSalle Blvd., Chicago, IL, 60610, Federal Tax ID #36-2167792, for Moody's general use and purpose.

2. Percentage Bequest

If you are considering making a bequest of a percentage of your estate to Moody, 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 MOODY BIBLE INSTITUTE OF CHICAGO, a nonprofit organization currently located at 820 N. LaSalle Blvd., Chicago, IL, 60610, Federal Tax ID #36-2167792, for it's general use and purpose.

3. Residual Bequest

I hereby give, devise and bequeath to THE MOODY BIBLE INSTITUTE OF CHICAGO, a nonprofit organization currently located at 820 N. LaSalle Blvd., Chicago, IL, 60610, Federal Tax ID # 36-2167792, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for it's general use and purpose.

4. Contingent Bequest

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to THE MOODY BIBLE INSTITUTE OF CHICAGO, a nonprofit organization currently located at 820 N. LaSalle Blvd., Chicago, IL, 60610, Federal Tax ID # 36-2167792, DESCRIPTION OF PROPERTY to be used for it's general use and purpose.

Restricted Bequests


If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give Moody flexibility should it no longer be possible for our Moody to use your gift as you originally intended:

If, in the judgment of the Board of Directors of THE MOODY BIBLE INSTITUTE OF CHICAGO, it shall become impractical for THE MOODY BIBLE INSTITUTE OF CHICAGO to use this bequest to accomplish the specific purposes of this bequest, THE MOODY BIBLE INSTITUTE OF CHICAGO may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

Contact Us


Please contact us if you have any questions about how to make a bequest to Moody or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for Moody in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.

scriptsknown
Our Mission
News
Plan Your Will
Request a Wills Guide
Sign up for eNewsletter
Contact Us

Connect With Us


Moody Global Ministries
820 N. LaSalle Blvd. Chicago, IL 60610
(800) DL-MOODY

Moody Global Ministries


Moody exists to equip people with the truth of God's Word to be maturing followers of Christ who are making disciples around the world.

Charity NavigatorECFAACGACC of CC