A bequest to Van Andel Institute (VAI) may take one of four forms and may be unrestricted or restricted as to purpose. Language reflecting unrestricted bequests allows the Institute to determine the best use of the funds at the time that they become available. Van Andel Institute encourages you to consult with your family and estate planning advisor(s) since this gift will affect your financial and estate planning circumstances. For more information on making a planned gift to Van Andel Institute, contact the Development Office at 616-234-5171.
Specific Bequest: A specific bequest designates a fixed dollar amount or specific asset(s) to VAI.
“I give to Van Andel Institute, 333 Bostwick NE, Grand Rapids, Michigan 49503, [$____(dollars)] or [designated asset(s)].”
Restricted Bequest: When a donor wishes the bequest be utilized for a specific purpose, a restricted bequest is made, such as in the following statement:
“I give to Van Andel Institute, 333 Bostwick NE, Grand Rapids, Michigan 49503, the greater of $____ (dollars) or _____ % (percent) of my estate for the following purpose: ________.”
If you have an existing will or trust, you can amend it with a codicil or amendment to include Van Andel Institute.
“I give to Van Andel Institute, 333 Bostwick NE, Grand Rapids, Michigan 49503, _____ % (percent) of my estate.”
“I give [all] or [_____ % (percent)] of the residue of my estate to Van Andel Institute, 333 Bostwick NE, Grand Rapids, Michigan 49503.”
“I give to ____________________ (name) the greater of $______ (dollars) or _____ % (percent) of my estate. In the event that he/she shall predecease me, I direct this sum, or percent, to be paid to Van Andel Institute, 333 Bostwick NE, Grand Rapids, Michigan 49503.”
Note: Van Andel Institute’s tax identification number is 52-2000820.