Wills & Bequests
Kathy and Loren Morey are great friends of the Initiative Foundation.
Remembering the Initiative Foundation in your will is the ultimate way to leave a legacy.
Making a charitable bequest in your will is often the easiest way to make a significant gift, reduce taxes on your estate, and ensure that your values extend beyond your lifetime. You can choose to support the Initiative Foundation or one of our charitable funds.
If you wish to have a say in how your estate is distributed, we encourage you to work with an experienced attorney to create a will that accomplishes your goals.You have complete flexibility to change your bequest at any time. If circumstances change in a way that makes you want to revise your gift to us, you can.
Statements for a Bequest
The following are examples of statements that may be used by you and your attorney in preparing your bequest. Whenever possible, we would like to participate in these important conversations to ensure that the correct language is used and that your wishes are understood.
- Unrestricted bequest: I give the Initiative Foundation, currently located at 405 First Street Southeast, Little Falls, Minnesota 56345, with federal tax ID 36-3451562, (_________ % of the residue of my estate) or (the sum of $__________), to be used by the Initiative Foundation wherever the needs and opportunities are greatest.
- Restricted bequest: I give the Initiative Foundation, currently located at 405 First Street Southeast, Little Falls, Minnesota 56345, with federal tax ID 36-3451562, (_________ % of the residue of my estate) or (the sum of $__________) for the benefit of (name of fund, program or charitable interest area).
