University of Saint Joseph Bequest Language
Leave a lasting legacy at the University of Saint Joseph by creating a bequest in your will, living trust or by codicil. This is an excellent way to support our mission, our students, and the future of USJ.
There are a number of ways you can make a bequest to the University of Saint Joseph.
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to the University of Saint Joseph in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest to the University of Saint Joseph, we recommend the following language:
If you are considering making a bequest of a percentage of your estate to the University of Saint Joseph, we recommend the following language:
If you are considering a bequest but would like to ensure that your bequest will be used 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 and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give the University of Saint Joseph flexibility should it no longer be possible for the University of Saint Joseph to use your gift as you originally intended:
Please contact us if you have any questions about how to make a bequest to the University of Saint Joseph or to request any additional information that might be helpful to you and your attorney.
If you have included a bequest for the University of Saint Joseph in your estate plan, please contact us to let us know. We would like to thank you and recognize you as a member of the Golden Dome Society for your commitment to USJ through your bequest.
Types of Bequests
There are a number of ways you can make a bequest to the University of Saint Joseph.
Specific Bequest.This type of bequest involves a gift of a specific dollar amount, or a donation of a specific asset such as real estate or other property. For example, you may wish to donate your home or $10,000 to the University of Saint Joseph. Please contact us to learn more about University policies for gifts of real estate and property.
Percentage Bequest. Another type of bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to the University of Saint Joseph.
Residuary Bequest. A residuary bequest is the remaining balance of the estate after all other bequests and obligations have been satisfied. A common residuary bequest involves leaving a percentage of the residue, or balance, of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to the University of Saint Joseph.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could name the University of Saint Joseph as the contingent beneficiary in the event that the primary beneficiary is no longer alive at the time of your death.
Percentage Bequest. Another type of bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to the University of Saint Joseph.
Residuary Bequest. A residuary bequest is the remaining balance of the estate after all other bequests and obligations have been satisfied. A common residuary bequest involves leaving a percentage of the residue, or balance, of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to the University of Saint Joseph.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could name the University of Saint Joseph as the contingent beneficiary in the event that the primary beneficiary is no longer alive at the time of your death.
Bequest Benefits
A bequest is generally a revocable gift, which means it can be changed or modified at any time.
You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended.
Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Bequest Language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to the University of Saint Joseph in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest to the University of Saint Joseph, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, for the University of Saint Joseph's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, for the University of Saint Joseph's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, for the University of Saint Joseph's general use and purpose.
2. Percentage BequestI hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, for the University of Saint Joseph's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, for the University of Saint Joseph's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, for the University of Saint Joseph's general use and purpose.
If you are considering making a bequest of a percentage of your estate to the University of Saint Joseph, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, for the University of Saint Joseph's general use and purpose.
3. Residuary Bequest
I hereby give, devise and bequeath to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for the University of Saint Joseph's general use and purpose.
4. Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to the University of Saint Joseph, a nonprofit organization located at 1678 Asylum Avenue, West Hartford, CT, 06117, Federal Tax ID #06-0646829, DESCRIPTION OF PROPERTY to be used for the University of Saint Joseph's general use and purpose.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used 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 and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give the University of Saint Joseph flexibility should it no longer be possible for the University of Saint Joseph to use your gift as you originally intended:
If, in the judgment of the Board of Trustees of the University of Saint Joseph, it shall become impossible for the University of Saint Joseph to use this bequest to accomplish the specific purposes of this bequest, the University of Saint Joseph may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Contact Us
Please contact us if you have any questions about how to make a bequest to the University of Saint Joseph or to request any additional information that might be helpful to you and your attorney.
If you have included a bequest for the University of Saint Joseph in your estate plan, please contact us to let us know. We would like to thank you and recognize you as a member of the Golden Dome Society for your commitment to USJ through your bequest.