Join the Encore Society!
Gifts by bequest are easy to do and by doing so, you will ensure that your support of this Festival continues and you will join other loyal donors in SBC’s “Encore Society.” The Portland law firm of Pierce Atwood has provided clear and Maine-approved language (see below) for writing a short addition (codicil) to your will that gives Salt Bay Chamberfest either a certain amount of money or a certain percentage of your estate. You can give an unrestricted bequest (example #1 and #2), or you can specify a specific activity, program or use (example #3).
Sample language for adding Salt Bay Chamberfest to your will (Provided by Pierce Atwood, Atty):
Example 1. Gift of a dollar amount to the Endowment Fund.
I give and devise the sum of ___________________dollars ($____) to SALT BAY CHAMBERFEST, a Maine nonprofit corporation located in Damariscotta, Maine, or the institution succeeding to the interests thereof, by whatever name known, to be used and applied by such corporation in support of its Endowment Fund, or if such fund is not in existence, then as an unrestricted gift.
Example 2. Gift of a percentage of estate to the Endowment Fund.
I give and devise an amount equal to _______ percent (___%) of the value of my adjusted gross estate to SALT BAY CHAMBERFEST, a Maine nonprofit corporation located in Damariscotta, Maine, or the institution succeeding to the interests thereof, by whatever name known, to be used and applied by such corporation in support of its Endowment Fund, or if such fund is not in existence, then as an unrestricted gift.
Example 3. Gift to other activity. (Either the dollar amount or percentage formulation can be used for the below; for simplicity I used the dollar amount in the example.)
I give and devise the sum of ___________________dollars ($____) to SALT BAY CHAMBERFEST, a Maine nonprofit corporation located in Damariscotta, Maine, or the institution succeeding to the interests thereof, by whatever name known, to be used and applied by such corporation in support of conducting [masterclasses/music and nature camps/other specific described use], but if such activity is not conducted by such organization from time to time, then as an unrestricted gift.
If you would like to discuss further steps or let us know of your bequest intention so we may thank you, please contact us at contact@saltbaychamberfest.org or 207-522-3749.