Get the free Statement of Future Gifts - University of Georgia School of Law

STATEMENT OF FUTURE GIFTS Name: Birthdate: Spouse: Birthdate: Address: I/we have made provision(s) to benefit the University of Georgia Foundation in the following manner(s): ? Outright bequest payable

How to fill out statement of future gifts

How to fill out statement of future gifts:

1. Begin by providing your personal information, including your name, address, and contact details. This will help identify you as the person making the statement.
2. Specify the date on which you are preparing the statement. This will serve as a reference point for future purposes.
3. Clearly state the purpose of the statement, which is to declare any future gifts you intend to make. Be concise and specific about the nature of these gifts.
4. Include a detailed description of each gift, including its value and any relevant information about its acquisition or transfer.
5. If applicable, provide the date when you plan to make these gifts. This will help demonstrate your intention to follow through with the statements mentioned.
6. It is essential to consult with a legal advisor or professional to ensure that the statement adheres to any legal requirements or guidelines in your jurisdiction. They can provide guidance on the proper format and content for the statement.
7. Sign and date the statement to confirm its authenticity and your commitment to fulfilling the future gifts mentioned.
8. Keep a copy of the completed statement for your own records and consider sharing a copy with your legal advisor or designated beneficiaries, if necessary.

Who needs a statement of future gifts?

1. Individuals who want to declare their intention to make future gifts to specific individuals, organizations, or institutions may require a statement of future gifts.
2. Estate planners and individuals engaged in estate planning often use these statements to outline their intended distribution of assets and property after their lifetime.
3. Charitable organizations may request a statement of future gifts from donors who have expressed an interest in contributing to their cause over time.
4. Financial institutions or legal entities involved in managing trusts, wills, or estates may require a statement of future gifts to ensure proper administration and execution of the individual's intentions.

For pdfFiller’s FAQs

What is statement of future gifts?

Statement of future gifts is a form that must be filed with the IRS to report any gifts that will be given in the future.

Who is required to file statement of future gifts?

Any individual or organization that plans to give gifts exceeding a certain amount in the future is required to file a statement of future gifts.

How to fill out statement of future gifts?

The statement of future gifts can be filled out electronically or on paper by providing details such as the donor's information, recipient's information, and the amount and description of the gift.

What is the purpose of statement of future gifts?

The purpose of the statement of future gifts is to ensure transparency and compliance with tax laws regarding large gifts that will be given in the future.

What information must be reported on statement of future gifts?

Information such as the donor's identity, the recipient's identity, the amount and description of the gift, and any conditions attached to the gift must be reported on the statement of future gifts.

How do I make changes in statement of future gifts?

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