Skip to Main Content

Bequest Language

pdficon_large.gif Printable Bequest Language

You can create a legacy through a bequest—a simple gift with your will.

Your bequest can be a specific dollar amount or a percentage of your estate. You can designate your bequest for general use, or you can restrict its use. You may choose to honor the memory of a family member, a faculty member, or a loved one. Your gift can also be restricted to your school or college.

Examples of various types of bequests
Specific bequests
are used to make a gift of a specific dollar amount or specific asset (such as securities, real estate, or personal property).

Residuary bequests are used to give all or a portion of the remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.

Including Rosalind Franklin University in your will
The following includes several examples of suggested bequest wording to benefit Rosalind Franklin University.

Each individual situation is unique; therefore, these examples include only some of the possible gift opportunities. We encourage you to discuss your intentions with us to ensure that your wishes will be properly followed and recognized.

Because a will is an important legal document, you should seek an attorney's help. To assist you with this important process we offer suggested wording below.

Percentage of estate for unrestricted purposes
"I give to Rosalind Franklin University, in North Chicago, Illinois, _____ percent (%) of the remainder of my estate for its general charitable purposes.”

Percentage of estate to establish an endowed fund
"I give to Rosalind Franklin University, in North Chicago, Illinois, _____ percent (%) of the remainder of my estate to establish the ________ Endowed Fund. The portion of this fund available for spending each year shall be used to ___________________________. Contributions may be added to the Fund at any time.

“If changed circumstances should at some future time make it impractical to continue administering the Fund for the purpose designated, then the Rosalind Franklin University Board of Trustees may redesignate the purpose, provided that the terms adhere as closely as possible to the original intent.”

Specific amount for unrestricted purposes    
"I give to Rosalind Franklin University, in North Chicago, Illinois, the sum of $_______ in cash (or ________ shares of ________ stock) to be used for its general charitable purposes."

Specific amount for specific purposes
"I give, devise, and bequeath to Rosalind Franklin University, in North Chicago, Illinois, the sum of $_______ in cash or in-kind (or ________ shares of ________ stock) to be used for __________________________________________ at Rosalind Franklin University.

“If changed circumstances should at some future time make it impractical to continue administering the Fund for the purpose designated, then the Rosalind Franklin University Board of Trustees may redesignate the purpose, provided the terms adhere as closely as possible to my original intent."

Designating the purpose of a bequest
Unrestricted:
The most useful type of bequest is unrestricted, allowing the funds to be allocated wherever the need is greatest, and taking into account that changes (programs, laws, etc.) may necessitate a use that cannot be anticipated at the time of the gift.

Restricted: You may designate your bequest to support a special program or purpose that reflects your interests (specific departments, endowment, etc.).

 

 

Back

© Pentera, Inc. Planned giving content. All rights reserved.