Sample Bequest Language
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Please note that gifts of this nature should be carefully considered in relation to your comprehensive financial and estate plans. We strongly recommend that you consult an attorney in the preparation of your will and to supervise its execution so as to comply with your state requirements. The following are meant to be examples for illustration only.
- - When including a bequest provision in your will, always use the full legal name and provide the federal taxpayer identification number.
- - Our full, legal name is: "California State University, Bakersfield, Foundation."
- - Our federal taxpayer identification number is: 95-2643086.
Bequests
for Unrestricted Purposes
Unrestricted gifts are to be used for the greatest need at the time to be
determined by the Board. A general unrestricted bequest is especially valued
by us.
- For a bequest of securities, the possible language is: "I give California State University, Bakersfield, Foundation all of my shares of XYZ stock or mutual fund to be used for the benefit of California State University Bakersfield."
- For a bequest of cash, the possible language is: "I give to California State University, Bakersfield, Foundation the sum of (Amount) to be used for the benefit of California State University Bakersfield."
If you do not want to specify the exact amount or nature of the intended gift, perhaps because the size of the future estate is difficult to estimate, a proportional bequest is often the best way to accomplish your goals. We would receive a percentage of the estate or the residue of the estate, after all other provisions have been met.
- Possible language is: "I give to California State University, Bakersfield, Foundation (percent) of my estate, or (percent of the rest, residue and remainder) of my estate to be used for the benefit of California State University Bakersfield."
Contingent Bequest
A contingent bequest takes effect only if the primary intention cannot be
met (e.g. if the primary beneficiary does not survive the donor). This ensures
that property will not be distributed to unintended beneficiaries.
-Possible language is: "If (name of primary beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to California State University, Bakersfield, Foundation all of the rest, residue, and remainder of my estate, to be used for the benefit of California State University Bakersfield."
Bequests for Restricted Purposes
If you would like to honor a family member, a special person or provide
support for a specific program or department that was meaningful to you, then
you can designate your bequest specifically for that purpose. You simply use
any form of the possible language included above, and replace "to be
used for the benefit of [ insert purpose or intent ]" with the specific
designation. Often specific guidelines govern the use of these types of funds.
Therefore, we recommend that you contact us to discuss your restricted gift.
We are here to help you as you plan.
If you already have a will
A codicil is a written change or amendment to a will. Click
here for a printable copy of what a codicil would look like. Please remember
to consult your attorney to make sure you are properly advised.
Thank you for remembering California State University Bakersfield.
Return to Wills and Bequests.
Please note, individual financial circumstances
will vary. The information on this site does not constitute
legal or tax advice. Donor stories and photographs are
for purposes of illustration only. As with all tax and
estate planning, please consult your attorney or estate
specialist. All material is copyrighted and is for viewing
purposes only. Use of this site signifies your agreement
with the terms of use. The
content in this Planned Giving section has been developed
for CSUB by Future
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