Nixon Legacy Society
“A man who has never lost himself in a cause bigger than himself has missed one of life’s mountaintop experiences.”
– President Richard Nixon
Estate Gifts
Join the Nixon Legacy Society with a planned gift to the Richard Nixon Foundation.
Making a gift through estate planning makes a lasting impact while providing financial benefits. The Richard Nixon Foundation accepts gifts through bequest, trust arrangement or other estate planning.
- A bequest to the Richard Nixon Foundation in your will or through a trust that includes the Richard Nixon Foundation as a charitable beneficiary
- The creation of a charitable lead or charitable remainder trust for the benefit of the Richard Nixon Foundation
- The naming of the Richard Nixon Foundation as the beneficiary of a retirement plan or life insurance policy
Planned gifts in any of these forms may be made in memory or in honor of family or friends.
Contact Ben O’Neill, Sr. Director of Development, at [email protected] or 657-258-9696 for more information.
The Richard Nixon Foundation is a 501(c)(3) organization, EIN: 52-1278303
Sample Language for Bequests:
Here are sample provisions to use when including a gift to the Richard Nixon Foundation in our will or trust. Please consult a financial and/or legal advisor to set up planned giving.
Specific Bequest
With a specific bequest, you may stipulate that a certain percentage of your estate, a certain dollar amount or particular assets be given to the Richard Nixon Foundation. Examples of such language may include:
- “I give (the sum of $______ or ______) to the Richard Nixon Foundation (Tax ID #52-1278303), Yorba Linda, CA, for its general purposes.”
“I give the following described property to the Richard Nixon Foundation (Tax ID #52-1278303), Yorba Linda, CA, for its general purposes: [describe property].”
Residuary Bequest
With a residuary bequest, you may state that all, or a portion, of the estate be given to the Richard Nixon Foundation after specific gifts are distributed to other beneficiaries. Examples of such language may include:
- “I give all of the rest, residue and remainder of my estate to the Richard Nixon Foundation (Tax ID #52-1278303), Yorba Linda, CA, for its general purposes.”
- “I give _____% of the rest, residue and remainder of my estate to the Richard Nixon Foundation (Tax ID #52-1278303), Yorba Linda, CA, for its general purposes.”
Restricted Bequest
If you want to designate how the Richard Nixon Foundation uses your bequest, your will or trust should specify a particular purpose. To ensure that your goals can be accomplished, please contact us before you sign your estate planning documents. An example of such language may include:
- “I give [amount, description of asset, percentage of estate, remainder, etc.] to the Richard Nixon Foundation (Tax ID #52-1278303), Yorba Linda, CA, to be used for [purpose].”
Restricted Bequest for Endowment
If you want your bequest to be held in perpetuity while the income stream is used to support the Richard Nixon Foundation, your will or trust must specify that the gift creates an endowed fund. To ensure that your goals can be accomplished, please contact us before you sign your estate planning documents. An example of such language may include:
- “I give [amount, description of asset, percentage of estate, remainder, etc.] to the Richard Nixon Foundation (Tax ID #52-1278303), Yorba Linda, CA, for the creation of [name of donor endowment fund], with the income being used for [purpose] in accordance with its endowment spending policy.”
USEFUL DEFINITIONS
Beneficiary: One named in a will, trust, or other legal document to receive an interest in an estate. One named in a trust to receive either income or the remainder of the trust. The income recipient or “annuitant” of a charitable gift annuity. The one who receives the death benefit paid by a life insurance policy.
Bequest: A direction in a will to distribute property or money, a “legacy.”
Charitable Lead Trust: An irrevocable trust that pays income to charity for a number of years and then distributes its remainder to one or more individuals.
Charitable Remainder Trust: An irrevocable trust that pays income to one or more individuals either for life or for a number of years and then distributes its remainder to one of more charitable organizations.
Irrevocable Trust: A trust that cannot be changed or dissolved.
Life Estate: A gift of property in which the donor retains the right to use the property for life.
Life Income Gift: A charitable gift plan allowing a donor to make a contribution and, as a result, receive an income for one or more individuals.
Personal Property:
- Tangible: physical objects such as jewelry, artwork, antiques, automobiles, and clothing
- Intangible: items the value of which is not tied to their physical form such as royalties or patents
Probate: The legal process of proving the validity of a will, used loosely to mean the administration of an estate.
Real Property: Land and the buildings, fixtures, and other items that are attached to it in a relatively permanent manner.
Revocable Trust: A trust that can be changed or dissolved by the grantor or others.
Trust: An arrangement whereby property is held and managed for the benefit of others.
Trustee: Party legally responsible for carrying out the terms of a trust.
Will: A legal instrument disposing of a person’s property at the time of his or her death.
