Common use of Bequests Clause in Contracts

Bequests. Gifts through ▇▇▇▇▇ shall be actively encouraged by the Non-Profit. (a) In the event of inquiry by a prospective legator, representations as to the future acceptability of property proposed to be left to the Non-Profit in a will or other deferred gift shall only be made in accordance with the terms and provisions approved in this charitable contribution acceptance policy. (b) Gifts from the estates of deceased donors consisting of property which is not acceptable shall be rejected only by action of the Finance Committee. The legal counsel of The Non Profit shall expeditiously communicate the decision of the Finance Committee to the legal representative of the estate. If there is any indication that the representatives of the estate or any family member of the deceased is dissatisfied with the decision of the Finance Committee, this fact shall be communicated to the Finance Committee or to the appropriate member of the development staff as quickly as possible. (c) Attempts shall be made to discover bequest expectancies wherever possible to reveal situations which might lead to unpleasant donor relations in the future. Where possible, intended bequests of property other than cash or marketable securities should be brought to the attention of the Finance Committee and every attempt be made to encourage the donor involved to conform his or her plans to the Non-Profit charitable gift policy.