The following sample bequest provisions will assist you and your attorney in drafting the language for your will or trust.
_______________% of my estate, OR
the sum of $_______________, OR
the real property described on the deed as _______________, OR
personal property described as _______________, OR
all the rest, residue and remainder of my estate, OR
_______________% of the rest, residue and remainder of my estate
to THE BOARD OF TRUSTEES OF BELOIT COLLEGE. The College shall hold, manage and distribute the funds in accordance with the Gift Use Agreement* entered into between me and the College.
*Optional language: "If no such agreement exists at the time of my death, then...
the funds shall be unrestricted and held and managed as a part of the permanent endowment of the College. OR
the funds shall be used for the highest and best purposes of the College."
*A Gift Use Agreement ("GUA") is a short agreement between the donors and the college, which includes background information provided by the donors and specifics on how the gift will be used. The donors may amend it as often as they like without the necessity of amending their wills.If your estate includes payment from IRD assets (Income in Respect of a Decedent - such as IRAs, qualified retirement plan assets, savings bonds and installment contracts), consult your attorney for language to best accomplish your goals.If you are planning to make Beloit College one of your beneficiaries, we encourage you to tell us now. That way, you can assure that your gift intentions are well understood and you can obtain the greatest possible satisfaction from your gift.Beloit College Tax ID # 39-0808497