The College of St. Scholastica's Bequest Language
Leaving a bequest in your estate plan to The College of St. Scholastica will help you to leave your personal legacy in a way that will sustain the College's mission. Such legacy gifts have been – and will continue to be – a valued source of support for the College. You can make a difference by remembering the College in your will or trust. One significant benefit to you is that making a gift through a bequest allows you to continue to use the property during your lifetime.
There are a number of ways you can make a bequest to the College. You can leave a specific bequest which involves making a gift of a specific property or a gift for a specific dollar amount or percentage of your overall estate. For example, you may wish to leave $10,000 or 10% of your estate to the College of Saint Scholastica, Inc.
Another kind of bequest is a residual bequest which is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to the College of Saint Scholastica, Inc.
In order to make a bequest, you should speak with your attorney who can help you include a bequest to the College in your estate plan. Here is some basic bequest language to assist you and your attorney.
1. Outright Bequest
If you are considering making an outright bequest to The College of St. Scholastica, we recommend the following language:
I hereby, give, devise and bequeath $DOLLARS to the College of Saint Scholastica, Inc., a non-profit organization located at 1200 Kenwood Avenue, Duluth MN 55811, Federal Tax ID Number: 41-0698301, for the College of Saint Scholastica, Inc.'s general use and purpose.
I hereby, give, devise and bequeath DESCRIPTION OF PROPERTY to the College of Saint Scholastica, Inc., a non-profit organization located at 1200 Kenwood Avenue, Duluth MN 55811, Federal Tax Identification Number: 41-0698301, for the College of Saint Scholastica, Inc.'s general use and purposes.
I hereby, give, devise and bequeath PERCENTAGE OF YOUR ESTATE to the College of Saint Scholastica, Inc., a non-profit organization located at 1200 Kenwood Avenue, Duluth MN 55811, Federal Tax ID Number: 41-0698301, for the College of Saint Scholastica, Inc.'s general use and purpose.
2. Restricted Bequest
If you would like to ensure that your bequest will be used only for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give to the College which will ensure that your charitable objectives can be met. We will also work with you and your attorney to craft language to accomplish your objectives.
Please contact our Planned Giving department if you have any questions about how to make a bequest to The College of St. Scholastica or to request any additional information that might be helpful to you and your attorney. Thank you.
Types of Bequests
There are a number of ways you can make a bequest to the College. You can leave a specific bequest which involves making a gift of a specific property or a gift for a specific dollar amount or percentage of your overall estate. For example, you may wish to leave $10,000 or 10% of your estate to the College of Saint Scholastica, Inc.
Another kind of bequest is a residual bequest which is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to the College of Saint Scholastica, Inc.
Bequest Language
In order to make a bequest, you should speak with your attorney who can help you include a bequest to the College in your estate plan. Here is some basic bequest language to assist you and your attorney.
1. Outright Bequest
If you are considering making an outright bequest to The College of St. Scholastica, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby, give, devise and bequeath $DOLLARS to the College of Saint Scholastica, Inc., a non-profit organization located at 1200 Kenwood Avenue, Duluth MN 55811, Federal Tax ID Number: 41-0698301, for the College of Saint Scholastica, Inc.'s general use and purpose.
Bequest of Specific Personal Property
I hereby, give, devise and bequeath DESCRIPTION OF PROPERTY to the College of Saint Scholastica, Inc., a non-profit organization located at 1200 Kenwood Avenue, Duluth MN 55811, Federal Tax Identification Number: 41-0698301, for the College of Saint Scholastica, Inc.'s general use and purposes.
Bequest of Percentage of an Estate
I hereby, give, devise and bequeath PERCENTAGE OF YOUR ESTATE to the College of Saint Scholastica, Inc., a non-profit organization located at 1200 Kenwood Avenue, Duluth MN 55811, Federal Tax ID Number: 41-0698301, for the College of Saint Scholastica, Inc.'s general use and purpose.
2. Restricted Bequest
If you would like to ensure that your bequest will be used only for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give to the College which will ensure that your charitable objectives can be met. We will also work with you and your attorney to craft language to accomplish your objectives.
Contact Us
Please contact our Planned Giving department if you have any questions about how to make a bequest to The College of St. Scholastica or to request any additional information that might be helpful to you and your attorney. Thank you.
