Sample
Bequest Language
The follow
are examples of three outright gift provisions.
The sample language illustrates how a bequest or a gift through a living
trust can be accomplished, and is intended for educational purposes rather than
as advice. We encourage donors to share
this information with their legal counsel, and recommend that anyone
undertaking estate planning do so with the consultation of an attorney. For more specific endowment language, please
call the Development Team at 480-948-7460 or 800-356-3247.
A
specific bequest gives a specific item or specific piece of property to the
Franciscan Renewal Center. Such bequests
are fulfilled first, before cash and residuary bequests. If the donor disposes of the specified
property during his or her lifetime, there will be no bequest to the Franciscan
Renewal Center.
I give ________________(describe asset) to the Franciscan
Renewal Center, an Arizona non-profit organization, 5802 East Lincoln Drive,
Scottsdale, Arizona 85253, to further the objectives and purposes of the
Franciscan Renewal Center (or specify a specific ministry at the Casa).
Cash Bequest to the Franciscan Renewal Center
A cash
bequest provides the Franciscan Renewal Center with a specified sum of money
from a donor’s estate. These bequests
are fulfilled second, after specific and before residuary bequests.
I give _____ Dollars ($_____) to the Franciscan Renewal
Center, an Arizona non-profit organization, 5802 East Lincoln Drive, Scottsdale,
Arizona 85253, to further the objectives and purposes of the Franciscan Renewal
Center (or specify a specific ministry at the Casa).
Residuary Bequest to the Franciscan Renewal Center
A
residuary bequest is made form the residue, or what remains in a donor’s estate
after specific and cash bequests, taxes, settlement costs and debts are
satisfied. This type of bequest is
sensitive to changes in the size of the estate over time.
I give the residue (or ______ percent of the residue) of my estate to the Franciscan Renewal Center, an Arizona non-profit organization, 5802 East Lincoln Drive, Scottsdale, Arizona 85253, to further the objectives and purposes of the Franciscan Renewal Center (or specify a specific ministry at the Casa).