Your will affirms, honors, and protects what matters most in your life – your loved ones, your principles, your values.
Through your estate planning, you can help ensure booksellers and bookstores thrive so our communities continue to be enriched by having a local bookstore for generations to come. Including the Binc Foundation in your will is one of the most meaningful and generous gifts you can make.
Why include the Binc Foundation in your estate plans?
The Binc Foundation leads the way as the only organization that helps booksellers and bookstores in times of crisis. Since 1996, Binc has provided financial assistance to booksellers and their families in times of hardship, keeping booksellers in their jobs doing what they love, putting the right books into the hands of their community members.
What your will means to you.
Beyond providing for your loved ones, your will can be a tribute to the principles and values you have lived. Creating a will is the single most important step you can take to ensure your wishes will be carried out and is the best way to establish a legacy for the organizations whose work is closest to your heart.
Planned Giving Challenge
If you have a commitment to the Binc Foundation in your estate plans, this is the perfect time to tell us. Friend of the Foundation Bob Ross has set up a matching gift challenge. For every planned gift intention pledged this year, Binc will receive $500; up to $15,000.
You will be included in our Legacy Giving Society but more importantly, you will establish your own legacy of providing for what matters most to you . . . books and book people. You will also receive special invitations to Binc events, including our biannual impact call with Binc’s executive director and be recognized at industry events and in Binc’s Annual Gratitude Report.
“Books have been important to me all my life. I’ve spent many happy hours wandering through miles of shelves from bookstores across the country and abroad. Even though my wife had me on a strict diet of four books at a time, we managed to build our family library with over 2,500 books including some lovely rare titles. It brought us great joy to share the reason each book was purchased with our children. Booksellers were the key to these book purchases and thus have enriched my life and my families in countless ways. The wonderful work Binc does to help booksellers and their families thrive and to keep bookstores open after disasters touches my heart. Thank you for all you do for people who love books, and for each other. I am delighted to help in a small way through the Bequest Challenge Campaign.”—Binc’s Bequest Challange Donor, Bob Ross
Remembering the Binc Foundation in your will with a bequest is the most common way to plan a future gift.
You may arrange for Binc to receive:
- A specific dollar amount
- Specific assets like securities
You can also make special beneficiary designations
- On your IRA, 401K, banking or brokerage accounts
- Life insurance policies
Your lawyer or advisor can help arrange a bequest to the Binc Foundation, but here is some basic information to note for your planning:
Legal Name: Book Industry Charitable Foundation
Address: 3135 S. State Street, Suite 203
Tax ID#: 38-3279018
Here are two samples, showing the kind of language you or your advisor might use:
I give, bequest, and devise (dollar amount) to the Binc Foundation or its successor, now or formerly in the city of Ann Arbor, MI, 3135 S. State Street, Suite 203, to be used for its general purposes.
I give, bequest, and devise (all, or __ percent of) the rest, residue, and remainder of the property, both real and personal, wherever situated which I may own or be entitled to at my death to the Binc Foundation of Ann Arbor, MI, 3135 S. State Street, Suite 203, to be used for its general purposes.
The Binc Foundation is a tax-exempt, nonprofit, 501(c)(3) organization. Our tax I.D. 38-3279018. Information on this page is for general purposes only and is not intended as legal or financial advice. We recommend that each person considering a planned gift consult with their own legal or financial advisor.