A bequest may be the most important charitable investment you ever make.
We’re honored that you are considering entrusting us with such a personal and important donation, one that will enrich and make permanent your legacy for children with psychiatric illnesses.
For so many people, it is their single largest donation. To the beneficiary organization, it is the source of capital that may be the difference between achieving its stated purpose or not.
For the Academy, that means changing the future for today’s children with psychiatric illnesses, and discovering cures for tomorrow’s children. We are committed to this purpose with you.
Let us help you realize your AACAP legacy.
How it Works
To make a charitable bequest, you need a current will.
Then, in your will, you stipulate that AACAP will receive either a specific dollar amount, a percentage of your estate, or a contingent bequest. It’s that simple.
For sample bequest language, click here.
How You Benefit
Your assets remain in your control during your lifetime.
We understand your personal circumstances may change. You can change your gift at any time.
Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.
Other people have made a bequest to AACAP without telling us. We like surprises, but, if you’re willing to tell us of your decision, we would love to say thank you, and with your permission, acknowledge it to others. Who knows, you may inspire others to make a bequest to AACAP.
Plus, knowing of your bequest helps us think and plan differently about the future and the impact we can have on it for children with mental illnesses. By telling us, that’s all we need to welcome you as a member of the 1953 Society, which is our way of saying “Thank You” for remembering AACAP in your estate plans.
If you would like us to know, please fill out the 1953 Society donor intention form.
Of course, if you choose not to tell us, we respect and honor your wish to remain anonymous.
Think About Your AACAP Legacy
A gift to AACAP may memorialize a friend or relative, or carry in perpetuity the name of the donor.
- Unrestricted Bequest
This allows the Academy to determine how to use your funds based on our most important and pressing needs. If you prefer to make an unrestricted bequest, we suggest the following sample language:
- “I give and bequeath to AACAP, the sum of $______ (or, all the rest, residue, and remainder of my estate) to be used for the general purposes of the Academy in the discretion of its Council.”
- Restricted Bequest
This type of bequest directs assets to a specific fund (including AACAP’s endowment) or a specific purpose (advocacy or research). If you prefer to make a restricted bequest, we suggest the following sample language:
- “I give and bequeath to AACAP the (sum of $ ________/percentage of ____% ) to be used for the following purpose: _______________________. If at any time in the judgment of AACAP it becomes, or is likely to become, impossible or impractical to accomplish the purposes of this gift, the income or principal, or both, may be used for such related purposes and in such manner as determined by AACAP ensures that funds are used as the donor designates.
As medicine and research is a dynamic field, AACAP asks that the final line in the paragraph above be included to give AACAP the flexibility if the gift can no longer be applied as originally intended due to changes in medicine.
If you are considering designating your bequest for a specific purpose we suggest that you speak to the Office of Development at AACAP. Development staff will help ensure that your gift is used as you would like. We are available to discuss what you want to accomplish through your gift and can provide sample language for you and your attorney to review.