The Ouimet Fund is pleased to honor, as members of the Eddie Lowery Planned Giving Program, those individuals who have made a future commitment to The Fund through an estate gift. Planned (or bequest) gifts naming the Ouimet Fund as beneficiary through a will, trust agreement, life insurance policy or other deferred gift such as a 401(k) provide a vital resource for our scholarship aid.
Who Was Eddie Lowery?
The Ouimet Fund is pleased to honor the legacy of Eddie Lowery, the famed 10-year-old caddie of Francis Ouimet during his historic 1913 U.S. Open victory at The Country Club in
Brookline, MA. Beyond his caddying, Mr. Lowery led a fascinating life by becoming a very fine player, a successful businessman and a dedicated promoter of the game of golf. He and Mr. Ouimet were lifelong friends.
Members of the Lowery Program receive special benefits (and if they choose) public recognition. You can be a member of the Eddie Lowery Planned Giving Program even if you choose to remain anonymous and receive no public recognition.
If you include the Francis Ouimet Scholarship Fund in your will or living trust, the Ouimet Fund should be named as:
Sample Gift Language for your Will or Revocable Living Trust
A gift to The Fund in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations. A bequest:
Residual Gift Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to the Francis Ouimet Scholarship Fund, located in Norton, MA, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
Specific Gift Language
Naming the Francis Ouimet Scholarship Fund as a beneficiary of a specific amount from your estate is easy:
I give and devise to the Francis Ouimet Scholarship Fund, located in Norton, MA, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).
Contingent Gift Language
The Francis Ouimet Scholarship Fund, or its affiliates, can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to the Francis Ouimet Scholarship Fund, located in Norton, MA, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).
Retirement Plan Beneficiary Language
You may name the Francis Ouimet Scholarship Fund as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming The Fund as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming The Fund as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to support The Fund free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify the Francis Ouimet Scholarship Fund. We can also assist you with the proper language for your beneficiary designation to The Fund.
If you or your attorney would like the Ouimet Fund to provide you with customized beneficiary language that is specific to your goal and interest, please contact Executive Director Bob Donovan at firstname.lastname@example.org // 774.430.9090.