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SUGGESTED LANGUAGE FOR A BEQUEST TO ARI

Types of charitable bequests are listed as follows, along with sample language to aid you and your attorney in drawing up a bequest to the Ayn Rand Institute. ARI's federal tax identification number is 22-2570926.

Percentage: a gift of a percentage of your estate
Example: "I give and bequeath 50 percent of my estate to the Ayn Rand Institute, located at 6 Hutton Centre Drive, Suite 600, Santa Ana, CA 92707-5780, to be used for its general purposes."

Outright: a gift of a specified amount of cash
Example: "I give and bequeath $25,000 to the Ayn Rand Institute..."

Specific: a gift of a specific asset
Example: "I give and bequeath 1,000 shares of XYZ stock to the Ayn Rand Institute..."

Residual: a gift of all or a portion of the residual estate, i.e., the property remaining after other bequests have been honored
Example: "All the rest, residue, and remainder of my estate I give and bequeath as follows: half to my son, John, and half to the Ayn Rand Institute..."

Contingent: a bequest that is dependent on other factors
Example: "I give and bequeath $10,000 to my cousin Jane, but if Jane predeceases me, I give and bequeath that amount to the Ayn Rand Institute, located..."

Other beneficiary designations: Donors may also designate ARI as a beneficiary of life insurance proceeds, retirement plan funds, bank and brokerage accounts, and other financial assets. Please contact us if you have any questions about such bequests, or about filling out the beneficiary forms.

To successful bidders at ARI auctions: If, because of successful bids at any of ARI's auctions of Ayn Rand's manuscripts, memorabilia and related material, you own one or more items of interest to future scholars and historians, we respectfully request that you consider bequeathing them to the Ayn Rand Archives at ARI.

BEQUEST BENEFITS

A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose, so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

RESTRICTED BEQUESTS

If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give the Ayn Rand Institute flexibility should it no longer be possible for us to use your gift as you originally intended:

If, in the judgment of the Board of Directors of Ayn Rand Institute, it shall become impossible for ARI to use this bequest to accomplish the specific purposes of this bequest, the Ayn Rand Institute may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

CONTACT US

Please contact us if you have any questions about how to make a bequest to ARI or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for the Ayn Rand Institute in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.

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