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Bequests
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Bequest

The charitable bequest is one of the easiest and most common ways to support an organization (or organizations) of your choice. Bequests to SBL can be for a specific amount of money, a specific estate asset, or a percentage of the remaining balance of your estate (residual bequest).You can include a provision in your will directing that a gift be paid to the Society after your death or the death of one of your survivors. Bequest options include:

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  • Specific amount of money given to the SBL, indicated by written statement in your will or trust
  • Specific item of property given to the SBL, indicated by written statement in your will or trust.
  • The balance remaining in your estate after taxes, expenses, and specific bequests have been paid, indicated by written statement in your will or trust.

Generally, your bequest can be considered a charitable deduction when estimating the value of your taxable estate. Please consult your financial advisor for more information. Donors may also direct their bequest to a particular program or activity, or allow SBL to use it at its discretion.

Bequest Language

The language below may be used as a guide for you and your attorney when outlining the details of your bequest. Please note, any reference to the legal name of the Society of Biblical Literature should appear in final documentation as follows:

“The Society of Biblical Literature Inc.,
825 Houston Mill Rd., Atlanta, GA 30329
a nonprofit corporation, or its successor,
Federal Tax Identification Number: 23-6390716.”

A bequest of a specific amount of money may be stated as:

“I give to the Society of Biblical Literature Inc., 825 Houston Mill Rd., Atlanta, GA 30329, a nonprofit corporation, or its successor, Federal Tax Identification Number 23-6390716 [insert here the exact dollar amount].”


A bequest of a specific asset from your estate may be stated as:

“I give to the Society of Biblical Literature Inc., 825 Houston Mill Rd., Atlanta, GA 30329, a nonprofit corporation, or its successor, Federal Tax Identification Number 23-6390716 [insert here a description of the asset to be given].”


A residual bequest of your estate may be stated as:

“I give to the Society of Biblical Literature Inc., 825 Houston Mill Rd., Atlanta, GA 30329, a nonprofit corporation, or its successor, Federal Tax Identification Number 23-6390716 all [or a portion] of the rest, residue and remainder of my estate.”

 
 
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