Planned Giving

INFORMATION ON BEQUESTS AND ESTATE PLANNING

Thank you for considering us in your future plans.

What is a bequest?

A bequest is a gift of property under the terms of a will or other estate planning instrument. This may include cash, publicly traded securities, or other types of real or personal property.

PREPARE thanks you for including us in your future plans. We are honored to have your support in our vision of empowering people to get out of prison and stay out of prison.

Below is some suggested language to include in your will and/or other estate planning documents for certain types of bequests. However, regardless of the type of bequest you are considering, we strongly urge you to consult your attorney to learn how best to include a bequest in your estate plan and to understand the tax consequences of making such a gift.

Suggested language

Unrestricted Bequest of Cash

If you are considering making an unrestricted bequest of cash to PREPARE, we recommend the following language:

I hereby give, devise, and bequeath _________ and No/100 dollars ($DOLLARS) to PREPARE Inc, a Baltimore based nonprofit organization with the following address – PO Box 16274, Baltimore, MD 21210 – for PREPARE Inc’s general uses and purpose. PREPARE’s Federal Tax ID is: 87-3510314. Reasonable administrative costs may be charged to this gift.

Expendable Bequest of Cash for a Specific Purpose

If you are considering making an unrestricted bequest of cash to PREPARE Inc, we recommend the following language:

I hereby give, devise, and bequeath _________ and No/100 dollars ($DOLLARS) to PREPARE Inc, a Baltimore based nonprofit organization with the following address – PO Box 16274, Baltimore, MD 21210 – to support the following purposes: [insert specific purposes]. PREPARE’s Federal Tax ID is: 87-3510314. Reasonable administrative costs may be charged to this gift.

Unrestricted Endowed Bequest of Cash

If you are considering making an endowed bequest of cash to PREPARE, we recommend the following language:

I hereby give, devise, and bequeath ________ and No/100 dollars ($DOLLARS) to PREPARE Inc, a Baltimore based nonprofit organization with the following address – PO Box 16274, Baltimore, MD 21210. PREPARE’s Federal Tax ID is: 87-3510314.

The property comprising this gift may, for investment purposes, be commingled with any of the investment assets of PREPARE Inc, but the gift shall be entered in PREPARE’s books and records as an endowment fund within the meaning of applicable law, which is not wholly expendable on a current basis. The gift will be known as the ________ Fund (the “Fund”). Reasonable administrative costs may be charged to the Fund. PREPARE may appropriate for expenditure or accumulate so much of the Fund as PREPARE determines is prudent to support its objects and purposes, in accordance with applicable law and PREPARE spending policies in effect from time to time. It is my intent, in order to best fulfill the purposes of PREPARE that PREPARE Inc shall have flexibility in appropriating and spending from the Fund.]