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Sample Bequest Language

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Thank You for Considering a Donation to the SSA Foundation!

Endowment gifts can be made unrestricted as to use, leaving the judgment of what purpose they can best support in the hands of the organization's governing board, or they can be restricted to specific uses, such as the support of youth programs, or the improvement of member services. It's important that donors not be too narrow in their restrictions, since the environment evolves over the decades. While it's important that endowments help deal with today's goals, they must be kept sufficiently flexible to deal with the unforeseen needs of succeeding generations.

For a description of the currently established funds CLICK HERE

Suggested language for a gift with donor imposed restrictions:

I give, devise and bequeath to the Soaring Society of America, Inc., a non-profit 501(c)(3) corporation, with headquarters currently located in Hobbs, NM, (hereafter "the SSA") the sum of ___________, with that principal amount to be added to that held by and as part of the assets of the SSA in the SSA Foundation. Subject to the approval of the Board of Directors of the SSA, this gift is made with the restriction that the principal of the gift shall be preserved and only the income from this bequest may be used in support of the stated goals of Fund Name.

If, as a result of changed conditions in the future, the income or principal from this gift shall not be needed for the purposes set forth, the Board of Directors of the SSA is authorized to designate the use of the funds as will best further the objectives and welfare of the sport of soaring and the mission of the SSA, while giving primary consideration to the special interest of the donor as evidenced in the above statement of bequest.

Suggested language for an unrestricted gift:

I give, devise and bequeath to the Soaring Society of America, Inc., a non-profit 501(c)(3) corporation, with headquarters currently located in Hobbs, NM, (hereafter "the SSA") the sum of ___________. This gift may be used for such purposes as may be determined by the SSA's Board of Directors, consistent with the stated purpose of the SSA to support the art, sport and science of soaring flight.

Posted: 12/26/2015