A provision in a will or living trust is the most common way to a make planned gift to the IEEE Foundation. There are different kinds of bequests to choose from depending on your financial objectives.

General bequest. You designate a specific dollar amount, or percentage, to the IEEE Foundation (or a specific IEEE Organizational Unit, program or project).

Residuary bequest. After all other specific bequests, debts, taxes and expenses have been paid, you designate the IEEE Foundation to receive the "rest, residue and remainder" of your estate.

Contingent bequest. You request that the IEEE Foundation receive all or a part of your estate, if certain circumstances were to occur, such as all other named beneficiaries pre-decease you.

In addition to deciding which type of bequest will fit best into your plans, you should also consider how you would like the IEEE Foundation to use your gift.

• An Unrestricted Bequest provides the Foundation with the resources it needs to support the wisest and most pressing need at the time of receipt. An unrestricted bequest would read:

  "I give the rest, residue, and remainder of my estate (or a dollar amount) to the IEEE Foundation, Incorporated, a corporation organized under the laws of the State of New York, with business address of 445 Hoes Lane, Piscataway, NJ 08854, U.S.A.."

• A Restricted Bequest allows you to specify how the funds are to be used. Perhaps you wish to designate a specific IEEE Organizational Unit or program for which you have a fondness. A restricted bequest would read as follows:

  "I give the rest, residue, and remainder of my estate (or a dollar amount) to the IEEE Foundation, Incorporated, a corporation organized under the laws of the State of New York, with business address of 445 Hoes Lane, Piscataway, NJ 08854, U.S.A. to be used for the (name of the IEEE Organizational Unit, program or project)."

• An Endowment Bequest restricts the principal of your gift, requiring the IEEE Foundation to hold the funds permanently and use only the investment income they generate. Creating an endowment in this manner means that your gift will continue giving indefinitely. To establish an endowment fund, the terms of your will or living trust might read (Note - The IEEE Foundation requires a minimum $1,000,000 gift to establish an endowment fund):

  "I give the rest, residue, and remainder of my estate (or a dollar amount) to the IEEE Foundation, Incorporated, a corporation organized under the laws of the State of New York, with business address of 445 Hoes Lane, Piscataway, NJ 08854, U.S.A. to establish an endowment fund, the principal of which shall be invested as the IEEE Foundation Board of Directors may deem best and the income only used for (if you wish - named program or project). In the event that such use shall, in the judgment of the IEEE Foundation's Board of Directors, become unnecessary or impracticable, then for such similar purposes as the Board of Directors in their discretion shall determine."

Join the Goldsmith League

If you decide to name the IEEE Foundation as a beneficiary of your will or living trust, we hope you will share the good news with us. This will allow us to thank you for your generosity and recognize you during your lifetime by adding you to the roster of the "Goldsmith League," the IEEE Foundation's planned giving recognition group. If you prefer to remain anonymous, we will honor your wishes and include you as an anonymous donor.

Legal Name
IEEE Foundation, Incorporated

Employer Identification Number (EIN):
23-7310664

For more information, or to hold a confidential discussion, please contact:

Karen Galuchie
Development Officer

IEEE Foundation
IEEE Development Office
445 Hoes Lane
Piscataway, NJ 08854, U.S.A
Phone: +1 732 562 3860
e-mail: supportieee@ieee.org