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 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: "Saint
- Our federal taxpayer identification number is: 01-0212542.
Bequests for Unrestricted Purposes
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.
a bequest of securities, the possible language is: "I give Saint Joseph's
College all of my shares of XYZ stock or mutual fund to be used for the benefit
of Saint Joseph's College."
- For a bequest of cash, the possible
language is: "I give to Saint Joseph's College the sum of (Amount) to be used
for the benefit of Saint Joseph's College."
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.
language is: "I give to Saint Joseph's College (percent) of my estate, or (percent
of the rest, residue and remainder) of my estate to be used for the benefit of
Saint Joseph's College."
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.
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 Saint Joseph's College all of the rest, residue, and remainder of my
estate, to be used for the benefit of Saint Joseph's College."
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.
you for remembering Saint Joseph's College. Click here to return to Wills
For more information or a confidential discussion of your charitable options, please email or call the Senior Director of Development, Jean Maginnis, at 207-893-7899.
Please note, individual financial circumstances
will vary. The information on this site does not constitute legal or tax advice, either in whole or in part. 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 Legacy Giving section has been developed
for Saint Joseph's College by Future
Focus. Please report any problems to section webmaster.