Bequest language

Sample Bequest Language

A bequest is simple and convenient; You have several options.

You can make a bequest for a specific dollar amount or for a percentage of your estate. You can designate your bequest for general use, or you can restrict its use. Many individuals establish endowments that honor the memory of a family member or another loved one. These endowments live forever, since only the income is used annually. Since a will is an important legal document, you should seek an attorney's help. To assist you with this important process, we offer some suggested bequest wording below.

Following are some examples of various types of bequests:

Specific bequests are used to make a gift of a specific dollar amount or specific assets, such as securities, real estate, or personal property.

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

Including the University of Rochester in Your Will or Living Trust

The following includes several examples of suggested bequest wording to benefit the University of Rochester.

Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final Will Provision with the University of Rochester to ensure that your wishes will be properly followed and recognized.

Percentage of estate for unrestricted purposes:
I give, devise, and bequeath to the University of Rochester, a not-for-profit organization located in Rochester, New York, ______ percent (%) of the rest, residue, and remainder of my estate as an unrestricted gift to be used at the discretion of the Board of Trustees of the University of Rochester for the general purposes of the University of Rochester, located in Rochester, New York.

Percentage of estate for specific purposes with an endowment provision:
I give, devise, and bequeath to the University of Rochester, a not-for-profit organization located in Rochester, New York, _____ percent (%) of the rest, residue, and remainder of my estate to establish the _____________________ ENDOWED FUND. The principal of this Fund shall be invested as part of the University of Rochester's permanent endowment and in accordance with its policies. The income therefrom is to be used by the University of Rochester, located in Rochester, New York, for _____________________. Contributions may be added to the Fund at any time.

If changed circumstances should at some future time make it impractical to continue using the income from the Fund for the purpose designated, then the University of Rochester Board of Trustees may redesignate the purpose for which the Fund's income may be distributed, provided that the Fund shall continue to bear the name _______________ ENDOWED FUND, and that the amended terms shall adhere as closely as possible to my original intent.

Specific amount for unrestricted purposes:
I give, devise, and bequeath to the University of Rochester, a not-for-profit organization located in Rochester, New York, the sum of $_______ in cash or in-kind (or ________ shares of _______ stock) to be used at the discretion of the Board of Trustees of the University of Rochester for the general purposes of the University of Rochester and its related entities.

Specific amount for specific purposes:
I give, devise, and bequeath to the University of Rochester, a not-for-profit organization located in Rochester, New York, the sum of $_______ in cash or in-kind (or _______ shares of _______ stock) to be used for ___________ at the University of Rochester.

If changed circumstances should at some future time make it impractical to continue using the income from the Fund for the purpose designated, then the University of Rochester Board of Trustees may redesignate the purpose to adhere as closely as possible to my original intent.

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