“Breakthrough discoveries at Whitehead have contributed to a better understanding of human disease ranging from cancer to neurodegenerative diseases like Parkinson’s and Alzheimer’s. I have been fortunate enough to have witnessed the evolution of Whitehead from its infancy to the special position in the world of science it has earned today. Both my wife, Carol Tobin, and I consider bequests made in our wills, as well as lifetime gifts, to be the very best investments of any kind we’ve ever made. We would encourage others to consider making Whitehead a cornerstone of their estate planning.”
-- Arthur W. Brill and Carol Tobin
Make a Bequest to Whitehead Institute
Whitehead Institute welcomes gifts through your will or estate plan. Testamentary gifts are an important source of support for Whitehead’s research programs. A bequest allows you to retain control of your assets, leaving them unencumbered during your lifetime. It costs nothing now, yet gives you the satisfaction of knowing you have provided for the institute in the future. These gifts are not subject to federal estate taxes.
How do I do begin?
To make a gift to Whitehead Institute from your estate, you must sign a new will or living trust instrument, add a codicil to your current will, or make an amendment to your trust.
How do I designate Whitehead Institute?
You can designate Whitehead Institute in your bequest by leaving a percentage of your residuary estate or a specific dollar amount.
You can name Whitehead Institute as a beneficiary of your retirement plan.
You can include Whitehead Institute as a beneficiary of your testamentary trust.
You can name Whitehead Institute as a beneficiary of a life insurance policy.
You can designate a particular asset to Whitehead Institute (painting, securities, land etc.).
You can name Whitehead Institute as a beneficiary of your donor advised fund.
Should my bequest be restricted or unrestricted?
Unrestricted bequests are extremely valuable because the institute can use them to flexibly meet its future needs. They are a vital resource to enhancing basic scientific research and discovery.
Restricted bequests direct assets to a specific fund or purpose. A restricted fund can be endowed or expendable. Whitehead Institute encourages donors considering this type of gift to speak with a member of the Advancement staff about the appropriate language.
Should my bequest be for endowed or expendable purposes?
Endowed funds can be designated for an endowed professorship, a post-doctoral fellowship, a state-of-the-art laboratory or a research project.
Endowed funds provide support every year in perpetuity to fulfill the designated purpose of the fund.
Expendable funds are used in their entirety, usually within a short amount of time.
What language do I need to use in order to make a bequest to Whitehead Institute?
“I give and bequeath_______% of my residuary estate or the sum of $______ to Whitehead Institute, a Delaware nonprofit corporation, located at 455 Main Street, Cambridge, MA 02142.”
The Advancement Office would be happy to provide you with sample bequest language or explore options for designating a bequest. We advise you to discuss your bequest intentions with your legal and tax advisors.
If you would like to learn more about making a bequest to Whitehead Institute, you can contact Sharon Stanczak, Vice President of Institutional Advancement, at firstname.lastname@example.org or 617-258-5103.
Whitehead Institute for Biomedical Research is a 501 (c)(3) nonprofit organization. Federal Tax ID Number 06-1043412.
Vice President of Institutional Advancement
Office of Institutional Advancement
455 Main Street
Cambridge, MA 02142