Planned Giving

Your Act of Generosity, Our Longevity

With planned giving, you can provide long-lasting support for Amarillo Area Foundation while enjoying financial benefits for yourself.

Text Resize

Amarillo Area Foundation's Bequest Language

An excellent way for you to help improve quality of life for Texas Panhandle residents is through a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that the property included in your bequest remains in your possession throughout your lifetime. Through this process, you can leave a lasting legacy.

Types of Bequests


There are a number of ways you can make a bequest to Amarillo Area Foundation.

Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Amarillo Area Foundation.

Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Amarillo Area Foundation.

Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Amarillo Area Foundation.

Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Amarillo Area Foundation.

Bequest Benefits


A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

Bequest Language


In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Amarillo Area Foundation in your estate plan. We have provided some basic bequest language to assist you and your attorney.

1. Specific Bequest

If you are considering making an outright bequest to Amarillo Area Foundation, we recommend the following language:

Bequest of a Specific Dollar Amount

I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Amarillo Area Foundation, a nonprofit organization located at 801 S. Fillmore, Amarillo, TX, 79101, Federal Tax ID #75-0978220, for Amarillo Area Foundation's general use and purpose to fulfill the mission and goals of the organization.

Bequest of Specific Personal Property

I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Amarillo Area Foundation, a nonprofit organization located at 801 S. Fillmore, Amarillo, TX, 79101, Federal Tax ID #75-0978220, for Amarillo Area Foundation's general use and purpose to fulfill the mission and goals of the organization.

Bequest of Specific Real Estate

I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Amarillo Area Foundation, a nonprofit organization located at 801 S. Fillmore, Amarillo, TX, 79101, Federal Tax ID #75-0978220, for Amarillo Area Foundation's general use and purpose to fulfill the mission and goals of the organization.

2. Percentage Bequest

If you are considering making a bequest of a percentage of your estate to Amarillo Area Foundation, we recommend the following language:

I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Amarillo Area Foundation, a nonprofit organization located at 801 S. Fillmore, Amarillo, TX, 79101, Federal Tax ID #75-0978220, for Amarillo Area Foundation's general use and purpose to fulfill the mission and goals of the organization.

3. Residual Bequest

I hereby give, devise and bequeath to Amarillo Area Foundation, a nonprofit organization located at 801 S. Fillmore, Amarillo, TX, 79101, Federal Tax ID #75-0978220, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Amarillo Area Foundation's general use and purpose to fulfill the mission and goals of the organization.

4. Contingent Bequest

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Amarillo Area Foundation, a nonprofit organization located at 801 S. Fillmore, Amarillo, TX, 79101, Federal Tax ID #75-0978220, DESCRIPTION OF PROPERTY to be used for Amarillo Area Foundation's general use and purpose to fulfill the mission and goals of the organization.

Restricted Bequests


If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give Amarillo Area Foundation flexibility should it no longer be possible for our Amarillo Area Foundation to use your gift as you originally intended:

If, in the judgment of the Board of Directors of Amarillo Area Foundation, it shall become impossible for Amarillo Area Foundation to use this bequest to accomplish the specific purposes of this bequest, Amarillo Area Foundation may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

Contact Us


Please contact us if you have any questions about how to make a bequest to Amarillo Area Foundation or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for Amarillo Area Foundation in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.

scriptsknown