Sample Language for Your Will or Trust - Benedictine College

Sample Language for your Will or Trust

The following language may help you and your attorney when drawing up a bequest that meets your needs.

“I give to Benedictine College, a nonprofit corporation currently located at 1020 N. 2nd Street, Atchison, KS 66002, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”

 

 

Useful Legal Information

Legal name: Benedictine College
Address: 1020 N. 2nd Street, Atchison, KS 66002
Federal Tax ID number: 48-0777079

Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to Benedictine College (Tax ID #48-0777079), located in Atchison, KS, 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 Benedictine College as a beneficiary of a specific amount from your estate is easy:

I give and devise to Benedictine College (Tax ID #48-0777079), located in Atchison, KS, 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

Benedictine College 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 Benedictine College (Tax ID #48-0777079), located in Atchison, KS, 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

Retirement assets are among the most heavily taxed, making them an ideal resource for charitable giving once you no longer need the assets yourself. Simply complete a change-of-beneficiary form from your plan administrator. Please let us know if you have included this type of gift for Benedictine College. Providing us with documentation is the best way to ensure that we receive the gift you intend for us. You may name Benedictine College (Tax ID #48-0777079) 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.

Customized Language

If you or your attorney would like Benedictine College to provide you with customized beneficiary language that is specific to your goal and interest, please contact Tim Andrews at tandrews@benedictine.edu.

Your Giving Toolkit

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Sample Language for Your Will or Trust

Sample Beneficiary Designation

Sample Codicil

For Trustees and Advisors

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Tim Andrews

Tim Andrews

Exec. Dir. of Gift Planning