A Gift that Lasts a Lifetime
There are several types of bequests that allow you to designate how your estate will be distributed, they include:
SPECIFIC BEQUEST: You describe exactly what you want to leave to a specific individual or organization and the designated source. If you want to leave a specific dollar amount from a specific source or a particular item (such as an antique or collector's item), this is the type of bequest that you would use. Example: Susan states in her will: "I leave my diamond ring to my daughter, Michelle. I also leave my securities to HORSEPOWER Therapeutic Learning Center."
GENERAL BEQUEST: This type of bequest does not specify the source from which it should be paid. This gives your executor the flexibility to honor the bequest from any available source. Example: Susan states in her will: "I leave $50,000 to my grandson, Andrew."
RESIDUARY BEQUEST: This type of bequest is honored after all other bequests have been made, and all debts, expenses and taxes have been paid. Example: Susan states in her will: "I give all the rest, residue and remainder of my real and personal estate to HORSEPOWER Therapeutic Learning Center."
CONTINGENT BEQUEST: This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice through a contingent designation. Example: Susan states in her will: "I give all the rest, residue and remainder of my real and personal estate to my husband, James, if he survives me; if not, then 50 percent in equal shares to my children who survive me and 50 percent to HORSEPOWER Therapeutic Learning Center."
Planned Giving - Leave a Lasting Legacy
For some of our HORSEPOWER Family, we have been lucky enough to hold a special place in their hearts for our horses, our team and our mission. When you want to leave a lasting memory that will live on, consider a Planned Giving Gift to HORSEPOWER. It can be dedicated to a team member, a special horse or in the honor of someone's name.
When you name HORSEPOWER in your estate plans, your foresight helps ensure that an organization you believe in will benefit from your planning. Estate and other planned gifts sustain HORSEPOWER and our mission for years to come, so we can continue to Engage The Power of the Horse.
If you would like to include HORSEPOWER Therapeutic Learning Center in your estate plans, we should be named as:
HORSEPOWER Therapeutic Learning Center, a nonprofit corporation, organized and existing under the laws of the State of North Carolina, with the business address of 4537 Walpole Rd, High Point, NC 27265, USA.
Our tax identification number is: 56-1907424
Date of Incorporation: February 1995
HORSEPOWER Therapeutic Learning Center is tax-exempt under section 501(c)(3) of the Internal Revenue Code.
At HORSEPOWER Therapeutic Learning Center, all unrestricted charitable gifts are used strategically to support life-changing opportunities to our riders. If you have a more specific purpose in mind, please contact Jan Clifford to ensure we can meet your wishes. You may also make HORSEPOWER a full or partial beneficiary of an insurance policy or other investment.
This is easy to do and does not require any special assistance. Your support will allow us to continue Engaging The Power of the Horse...one smile at a time!