Charitable Bequests
Protect the animals you love. Create a lasting partnership with Young at Heart Pet Rescue. Your planned gift makes it possible.
You can make your bequest for a specific dollar amount, a percentage of your estate or specific assets from your estate. Bequests, like other gifts, can be designated for many purposes or given without restriction.
Your first step, once you decide to leave a gift, is to contact your attorney to help you draw up your will. Your attorney will need to know the legal information shown to below in the Legal Information Section.
There are three main types of bequests: percentage, residual and specific.
The Percentage Bequest
A percentage bequest is a bequest of a certain percentage of your estate or of another asset. (For example, you might provide that, upon your death, your house will be sold and each of your three children will receive one-third of the net proceeds.)
A percentage bequest to Young at Heart Pet Rescue designates that a specific percentage, anywhere from 1-100% of your estate, is left to Young at Heart. The greatest advantage of this structure is that, as your estate increases in value over time, your gift will keep pace and your support for Young at Heart will grow.
The Residual Bequest
A residual bequest is a bequest of all or a portion of the remainder or residue of your estate after specific and other bequests have been distributed. (For example, you might provide that everything that remains after all previous bequests have been satisfied should be given to the American Heart Association.)
By naming Young at Heart Pet Rescue as the beneficiary of this residue, you simplify the probate process and ensure that the government allocates the remainder of your estate as you see fit.
The Specific Bequest
A specific bequest is a bequest for a specific item or dollar amount. (For example, you might provide that your baseball autographed by Babe Ruth be given to your nephew, Billy, at your death.)
Legal Information
- Our legal name is Young at Heart Pet Rescue, Inc.
- We are a non-profit charitable organization with a 501c3 status under the Internal Revenue Code
- Our I.D. number is 20-2476194
Language for Your Will
Below are examples of standard language used to include a charitable bequest in your will.
Percentage Bequest
I give, bequeath, and devise (state percentage amount) to Young at Heart Pet Rescue, a qualified 501c3 charitable institution, located in Palatine, Illinois, to be used to provide care for adoptable senior dogs and cats, as well as lifetime care for special needs dogs and cats that, while still able to lead a quality life, are unable to find a home due to age, chronic treatable disorder, handicap or similar reason.
Residual Bequest
I give, bequeath, and devise (all, or state percentage or shares) of the rest, residue, and remainder of property, both real and personal, wherever situated, which I may own or be entitled to at my death, to Young at Heart Pet Rescue, a qualified 501c3 charitable institution, located in Palatine, Illinois, to be used to provide care for adoptable senior dogs and cats, as well as lifetime care for special needs dogs and cats that, while still able to lead a quality life, are unable to find a home due to age, chronic treatable disorder, handicap or similar reason.
Specific Bequest
I give, bequeath, and devise (state amount or item) to Young at Heart Pet Rescue, a qualified 501c3 charitable institution, located in Palatine, Illinois, to be used to provide care for adoptable senior dogs and cats, as well as lifetime care for special needs dogs and cats that, while still able to lead a quality life, are unable to find a home due to age, chronic treatable disorder, handicap or similar reason.
Young at Heart Legacy Society
Your charitable bequest or intent to bequest will gain you entry into the Young at Heart Legacy Society.
