Sample St. Lawrence Bequest Language
A bequest to charity through your will or living trust makes a statement about your lifelong priorities. It is also an opportunity to memorialize yourself and others. Below are examples of bequest language related to a gift to St Lawrence. Please remember to consult your legal, financial and gift planning advisors before creating or modifying a bequest. The correct name to use in a bequest to St. Lawrence is:
St. Lawrence University, Canton, New York
Federal ID #15-0532239
Specific Bequests:
St. Lawrence receives a specific dollar amount or stated percentage of the estate or specific assets (cash, securities, real estate, or tangible personal property).
Suggested Wording, unrestricted gift:
I devise and bequeath to St. Lawrence University, Canton, New York, federal ID #15-0532239, (insert sum, percentage, or description of property), which shall be used for such University purposes as the Board of Trustees may determine.
Suggested Wording, restricted gift:
I devise and bequeath to St. Lawrence University, Canton, New York, federal ID #15-0532239, (insert sum, percentage, or description of property), which shall be used for ( specify purpose).
Suggested Wording, memorial fund:
I devise and bequeath to St. Lawrence University, Canton, New York, federal ID #15-0532239, (insert sum, percentage, or description of property), which shall be used to create "The ____________ Memorial Fund," (or "The _____________ Endowed Scholarship Fund"), the income therefrom to be used for its general purposes, (or describe the specific purposes).
Residuary Bequests:
St. Lawrence receives a share or the entire remainder of the donor's estate after providing for specific legacies, debts, taxes, and estate expenses (usually after providing for family).
Suggested Wording:
I devise and bequeath to St. Lawrence University, Canton , New York , federal ID #15-0532239, the rest and residue of my estate to be used in the discretion of the trustees for the general purposes of the University.
Contingent Bequests:
St. Lawrence receives a share of the estate in the event that other beneficiaries do not survive the donor.
Suggested Wording:
Since suggested wording is unique to each circumstance, you should consult your lawyer regarding your particular situation.
This web page does not provide legal or financial advice, nor is it intended as a comprehensive review of the topic. You should consult your attorney, tax advisor and St. Lawrence before making or planning your gift.
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