Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust, known as a bequest, can guarantee that your legacy endures.
Your gift may be a specific dollar amount, a percentage of your estate, or the remainder after all other provisions are specified. Below is suggested language to take to your attorney for use in drafting your bequest.
General Unrestricted Bequest:
"I give to St. Olaf College, a nonprofit corporation currently located in Northfield, Minnesota or its successor thereto, [written dollar amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose."
To designate your provision for a particular purpose:
"I give to St. Olaf College, a nonprofit corporation currently located in Northfield, Minnesota, or its successor thereto, _________ [written dollar amount or percentage of the estate or description of property]. This gift should be used for (state purpose) if and so long as St. Olaf College determines that the need exists. If at any time St. Olaf College shall determine that the need no longer exists, or for some reason it is not possible (or prudent) to administer my gift as originally intended, then St. Olaf College may, in its sole discretion, direct my bequest for a purpose related as closely as possible to that stated above."
If you have named St. Olaf College in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift. However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.
Please contact St. Olaf's Development team at 800-776-6523 or firstname.lastname@example.org for more information.