The appropriate wording for making a gift depends upon the type of gift, state law and your own unique circumstances. The following will provisions are examples of how you may designate your gift. Consult an attorney to be sure you have a properly drafted legal document.
Specific dollar amount bequest:
I give to Cornell College, Mt. Vernon, Iowa, the sum of $____________ for its general purposes.
Specific asset bequest:
I give my (specify personal property item(s) and/or real property) to Cornell College, Mt. Vernon, Iowa.
All the rest, residue and remainder of my estate, both real and personal, and wherever situated, I give, devise and bequeath to Cornell College, Mt. Vernon, Iowa, for its general purposes.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.