Will Your Gift Be Restricted?
Gifts to the American Institute of Chemical Engineers under a will may be given for unrestricted use, used to support a particular program, or added to endowment.
In balancing the wish of the donor to benefit a special purpose with our ever-changing financial needs, advisors recommend that restrictions be described as broadly as possible, avoiding detailed limitations. The more limited the restrictions of such a bequest, the more important it is to add a provision such as the following:
In the event that such use should prove to be impossible, impracticable, or undesirable for any reason as their governing body may determine, in their sole discretion, they shall then provide for alternative uses of the fund in a manner consistent with and reflecting the spirit of the original gift.
Please let us help you with your sample gift language to the AIChE. We will assist you or your attorney with bequest language that works best for you and us, and can also clarify and advise you in regard to your interest in benefiting specific aspects of our work.
Next: Sample Gift Language for Your Will or Trust
Please contact us so that we can assist you through every step of the process.
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You can plan a gift that will not affect your cash flow.
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Take advantage of appreciated securities, avoid tax.
Life Insurance →
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Donate double-taxed assets and leave more to family.
Donor-Advised Fund →
Make a gift from your DAF, or name us a beneficiary.
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Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. Consulting with the appropriate professionals can assist you.