When you notify Folk Alliance International of your bequest intention, you join the Legacy Society, listed below.
Your gift will be tax-deductible, but you should consult with your estate planner to determine which type of planned gift will be best for you.
Here are different ways to support FAI through a charitable bequest, along with commonly used language:
- A residual bequest grants the residue, or portion of the residue, of your estate to the Folk Alliance International after explicit bequests have been made: “I give to Folk Alliance International, a non-profit organization located at 601 Avenida Cesar E. Chavez Suite #100 Kansas City, MO 64108, USA, all (or ____ percent) of the rest, residue and remainder of my estate, both real and personal property of whatever kind and wheresoever situated.”
- A specific bequest of a stated dollar amount or specific securities: “I give to Folk Alliance International, a non-profit organization located at 601 Avenida Cesar E. Chavez Suite #100 Kansas City, MO 64108 USA, the sum of ____ dollars (or describe the specific property or security you intend to give).”
- A contingent bequest in case one or more of your bequests cannot be fulfilled: “If any of the above-named beneficiaries should predecease me, I hereby give his/her share of my estate to Folk Alliance International, a non-profit organization located at 601 Avenida Cesar E. Chavez Suite #100 Kansas City, MO 64108 USA.”
- A life income bequest gives income to someone close to you with the principal reverting to Folk Alliance International after his/her lifetime.
You should always consult your attorney when drawing up or revising your will to ensure your intentions are carried out properly.
Folk Alliance International is a nonprofit organization under section 501(c)(3) of the Internal Revenue Code. Our tax identification number is 56-1698333. The name and address to include in your will is:
Folk Alliance International
601 Avenida Cesar E. Chavez Suite #100 Kansas City, MO 64108 USA
If you have any questions or need additional information, please call our office at 816-221-3655 and ask for Alex Mallett, Development Director. You can also email Alex directly at firstname.lastname@example.org.
We recommend that you consult with your attorney or tax advisor for the various tax benefits and restrictions that may apply to your specific situation. We are always available to answer questions or help arrange a planned gift to Folk Alliance International.