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Sample Bequest Language

Sample Bequest Language

Please consult with your attorney regarding specific bequest language. The Office of Development is pleased to provide you or your advisors with detailed information.

1. Specific bequest, unrestricted purpose

“I give and bequeath to Agnes Scott College, in Decatur, Georgia, the sum of [xxx] dollars.  This gift shall be used to further the educational mission of Agnes Scott College in such a manner as the Trustees of the college may direct.”

2. Specific bequest, restricted for endowment

“I give and bequeath to Agnes Scott College, in Decatur, Georgia, the sum of [xxx] dollars to create an endowed fund to be named [xxx], which shall be invested as the Trustees of the college may deem best.  Distributions from the endowed fund shall be made each year in accordance with the spending policies of the college and shall be used for [scholarships] [faculty support] [the study of the sciences or humanities] at Agnes Scott College.  The fund, for purposes of investment, may be combined with other endowment funds of Agnes Scott College.”

3. Percentage bequest

“I give and bequeath to Agnes Scott College, in Decatur, Georgia, [xx] percent of my estate, to be used to further the educational mission of Agnes Scott College in such a manner as the Trustees of the college may direct” (or for another purpose specified by testator, see example 2 above.)

4. Bequest of residuary estate

“All the rest, residue and remainder of my estate, both real and personal property and whatever kind and wheresoever situated, which I may own or have the right to dispose of at the time of my death, I give and bequeath to Agnes Scott College, in Decatur, Georgia, to be used to further the educational mission of Agnes Scott College in such a manner as the Trustees of the College may direct” (or for another purpose specified, see example 2 above.)

5. Percentage bequest of residuary estate

“I give and bequeath to Agnes Scott College, in Decatur, Georgia, [xx] percent of my residuary estate, to be used to further the educational mission of Agnes Scott College in such a manner as the Trustees of the college may direct” (or for another purpose specified, see example 2 above)

Request for Savings Clause

As the passage of time may cause some of the college’s needs to change, we recommend that restrictions of bequest gifts be stated broadly.  If your bequest is restricted for a particular purpose, the college requests that you and your attorney incorporate a “savings clause.”  Such a clause might read as follows:

“If at the time this bequest is received by Agnes Scott College, or any time thereafter, the Trustees of the college determine that all or any part of said income from the Fund can no longer be utilized to best advantage for the institutional purpose designated herein, then all or any part of said income may be used for such other institutional purpose which, in the sole discretion of the Trustees, shall most closely carry out my intention.”

If you would like more information, please contact Michelle S. Staes, J.D., director of capital gifts and planned giving, at 404.471.5475 or 800.868.8602, ext. 5475 or mstaes@agnesscott.edu.