Gifting Through Your Will or Trust
We never like to lose CYC members, but inevitably other shores beckon. Before taking that voyage, you may want to consider CYC in your will or trust. Your attorney may find he following language helpful:
”I hereby give, devise and bequeath _____________________ (a dollar amount, or all or a percentage of the rest, residue and remainder of my estate), to Corinthian Yacht Club of Seattle, Inc., now or formerly located at 7755 Seaview Avenue NW, Seattle, WA 98117, for its general purposes.”
If you would like to have the funds used for a specific purpose, you could change the last four words to: “for its youth learn-to-sail program,” OR: “for its cruising program” , OR for some other Club activity of particular interest to you. Of course unrestricted gifts give the Board the greatest flexibility to use funds as needed at the time.
Corinthian Yacht Club of Seattle, Inc. (our formal name which you should use) is a not-for-profit corporation organized under the laws of the State of Washington. Or federal tax I.D. number is: 91-0638970.
IF your trust or other governing document require that such bequests be made to a 501(c)(3_tax exempt organization recognized by the IRS, then you may want to use the “Seattle Youth Sailing Society” as your donee. This society supports youth learn-to-sail programs, including gifts of equipment and scholarships. In such case, your attorney may find the following language helpful:
“I hereby give, devise and bequeath _____________________ (a dollar amount, or all or a percentage of the rest, residue and remainder of my estate), to the Seattle Youth Sailing Society, now or formerly located at 7755 Seaview Avenue NW, Seattle, WA 98117, to support youth learn-to-sail programs at Corinthian Yacht Club of Seattle, Inc. “
Seattle Youth Sailing Society is a not-for-profit corporation organized under the laws of the State of Washington and is a federal tax-exempt 501(c)(3) organization. Its federal tax ID number is: 20-8170086.
