Sample Language for Counsel

Thank you for considering a planned gift to BalletCollective. Below are examples of legal language that your attorney or plan administrator may adapt for wills, trusts, retirement accounts, life insurance policies, or payable-on-death accounts. Each example uses our legal name and federal tax identification number for convenience.

Please share any wording directly with your counsel or with the plan administrator. If helpful, we are glad to speak confidentially with your attorney or financial advisor to confirm organizational details.

Legal name: BalletCollective Inc.
Federal tax ID (EIN): 45-3021279

Bequest language (wills and living trusts)

Residuary bequest (percentage of estate)
“I give, devise and bequeath to BalletCollective Inc., a nonprofit corporation located in New York, New York, EIN 45-3021279, [insert percentage] of the rest, residue and remainder of my estate to be used for its general purposes.”

Pecuniary bequest (specific dollar amount)
“I give, devise and bequeath to BalletCollective Inc., a nonprofit corporation located in New York, New York, EIN 45-3021279, the sum of $[insert amount] to be used for its general purposes.”

Specific bequest (property or securities)
“I give, devise and bequeath to BalletCollective Inc., a nonprofit corporation located in New York, New York, EIN 45-3021279, [describe property, shares or asset] to be used for its general purposes.”

Contingent bequest
“If [Name of Primary Beneficiary] does not survive me, then I give, devise and bequeath to BalletCollective Inc., a nonprofit corporation located in New York, New York, EIN 45-3021279, [insert percentage] of the rest, residue and remainder of my estate to be used for its general purposes.”

Beneficiary designation for retirement accounts, life insurance, or payable-on-death accounts

Percentage of the account
“I designate BalletCollective Inc., a nonprofit corporation located in New York, New York, EIN 45-3021279, as primary beneficiary of [insert percentage] of the assets remaining in my [name of plan], account number [xxxx], to be used for the charitable purposes of BalletCollective Inc.”

Specific dollar amount
“I designate BalletCollective Inc., a nonprofit corporation located in New York, New York, EIN 45-3021279, as primary beneficiary of the sum of $[insert amount] from my [name of plan], account number [xxxx], to be used for the charitable purposes of BalletCollective Inc.”

Remainder of account
“I designate BalletCollective Inc., a nonprofit corporation located in New York, New York, EIN 45-3021279, as primary beneficiary of all assets remaining in my [name of plan], account number [xxxx], to be used for the charitable purposes of BalletCollective Inc.”

Contingent beneficiary (backup)
“If [Primary Beneficiary Name] does not survive me, I designate BalletCollective Inc., EIN 45-3021279, as contingent beneficiary of [insert percentage] of the assets remaining in my [name of plan], account number [xxxx], to be used for the charitable purposes of BalletCollective Inc.”

Payable-on-death bank account or life insurance policy
“I designate BalletCollective Inc., EIN 45-3021279, as primary beneficiary of [insert percentage] of the proceeds of policy/account number [xxxx], payable on my death, to be used for the charitable purposes of BalletCollective Inc.”

A brief note about terminology and practical matters

• Percent versus dollar amount. Percentage designations scale with account value. Dollar amounts give precise control. Choose the form that best matches your intent.
• Remainder language. “All assets remaining” is common when donors want the organization to receive the final balance of an account.
• Plan forms. Many retirement plans and insurers require completion of their own beneficiary forms. Always confirm the process with the plan administrator.
• Contingent designations. Naming a contingent beneficiary protects your intention if a primary beneficiary predeceases you.
• Update regularly. Review beneficiary designations and your will periodically and after major life events.
• Legal and tax counsel. These sample phrases are intended for convenience. Please consult your attorney or tax advisor before finalizing any documents.

Notification and Protectors Circle membership

If you choose to include BalletCollective Inc. in your plans, we would be honored to hear from you. Notification is entirely optional, but letting us know enables us to:

• Express our gratitude now.
• Welcome you to the Protectors Circle if you wish, and share stewardship information.
• Work with you or your advisor to ensure your intention is documented and understood.

To notify us, please contact:
Troy Schumacher
Artistic and Executive Director
troy@balletcollective.com
646-355-8585