Your family comes first….London Public Library believes that a donor’s interests must come first when you are planning on giving a planned gift.
Your Will can reflect your commitment to London Public Library. The following sample wording options for structuring a bequest through your Will should help you establish a legacy that best suits your needs and wishes. As always, it is important for your legal advisor to review when drafting your Will.
- I direct my Executors to give ____% of the residue of my Estate to London Public Library for use for highest priority needs as determined by the Directors of London Public Library.
- I direct my Executors to give to London Public Library the sum of $_____ to be used as highest priority needs as determined by the Directors of London Public Library.
- I direct my Executors to give to London Public Library the sum of $______(or___% of my residue) to be used for the purpose of (examples could include: enhanced collections, program and services, education or branch enhancements), provided that if such a purpose ceases to exist or ceases to be provided by London Public Library, then the legacy shall not fail but the Directors of London Public Library shall use such a legacy for a purpose which most closely resembles the purpose set out above.
- I direct my Executors to give to London Public Library _____________________(real estate, securities, etc.) for use where it is needed most as determined in the absolute discretion of the Directors of London Public Library.
As our Library needs change from year to year and the Library world evolves into the future, it is appreciated if an “undesignated gift or highest priority needs gift” can be made. If there are restrictions placed on your gift, they should be made generally and with some flexibility or an “out” clause, should the need no longer exist at the time of your death.
Many thanks for your support of London Public Library.