Bequests by Will
Naming The Santa Fe Opera in Your Will
To name the Opera in your will, please share the sample language below with your attorney, who can adapt it to fulfill your wishes. The language may be added to an existing will or incorporated into a new will.
Unless otherwise specifically arranged, bequests are allocated to The Santa Fe Opera's general endowment. The Opera appreciates the flexibility of an unrestricted endowment gift. Should you wish to designate a bequest for a particular purpose, we request that you state it as a preference, with final determination left to the discretion of The Santa Fe Opera. This allows the Opera to place the funds in one or more endowment funds currently in existence or to be placed in a newly established fund by the board. Current policy allows for the establishment of named or memorial endowment funds for gifts of $250,000 or more.
Because of the permanency of an endowment gift, be sure to contact us before completing your will.
Sample Bequest Language
Bequest, use of income unrestricted: "I give to the endowment fund of The Santa Fe Opera in Santa Fe, New Mexico, the sum of $________ (or ___ percent of my residuary estate). The income, only, of this gift shall be used for The Santa Fe Opera's general purposes."
Bequest, use of income designated: "I give to the endowment fund of The Santa Fe Opera in Santa Fe, New Mexico, the sum of $________ (or ___ percent of my residuary estate), the income to be used with preference for ______________."
Bequest for a memorial fund: "I give to the endowment fund of The Santa Fe Opera in Santa Fe, New Mexico, the sum of $________ (or ___ percent of my residuary estate) as an endowed fund, to be known as ______________ (for example, 'The Jane/John Doe Memorial Fund'), the income to be used with preference for ______________."
Contingent bequest: By naming The Santa Fe Opera as a contingent beneficiary, it is possible to make testamentary gifts to one or more individuals with the assurance that if any of the named individuals do not survive you, the bequest will come to The Santa Fe Opera. "If any of the above-named beneficiaries should not survive me, I devise to The Santa Fe Opera in Santa Fe, New Mexico, all the property, real or personal, which the deceased beneficiary would have received had that beneficiary survived." Any of the above conditions may be included in the contingent bequest.
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