Bequest Language

pdficon_large.gif Printable Bequest Language

Example Forms of Bequests


Outright Bequest in Will

Unrestricted

1) Specific dollar amount:

"I give to Loyola Law School, a California non-profit corporation, with its principal place of business at Los Angeles, California, the sum of __________ Dollars ($________), to be used for the general purposes of the School (or a specific Scholarship or Program)."

2) Specific property (tangible personal property):

"I give (describe property) to Loyola Law School, a California non-profit corporation, with its principal place of business at Los Angeles, California, to be used or disposed of for the benefit of the School (or a specific Scholarship or Program)."

3) Specific property (real estate):

"I give and devise all of my right, title and interest in and to the real estate located at (give address or otherwise describe property) to Loyola Law School, a California non-profit corporation, with its principal place of business at Los Angeles, California, to be used or disposed of as said School, in its sole discretion, deems appropriate.

Residuary Bequest

"I give and devise (all) (______ percent) of the residue of all the property, of whatever kind and wherever located, that I own at my death to Loyola Law School, a California non-profit corporation, with its principal place of business at Los Angeles, California, for the benefit of the School (or a specific Scholarship or Program)."

Contingent Bequest

"If any of the beneficiaries named in this will are not living on the thirtieth day after my death, I direct that his or her share of my estate be given to Loyola Law School, a California non-profit corporation, with its principal place of business at Los Angeles, California, for the benefit of the School (or a specific Scholarship or Program)."

OR

"If my wife (husband) ____________ is not living on the thirtieth day after my death, I direct that her (his) share of my estate shall be given to Loyola Law School, a California non-profit corporation, with its principal place of business at Los Angeles, California, to be designated for the (Scholarship or Program) at said Loyola Law School in her (his) memory."

Restricted Gifts

Of course, some people prefer to direct that their gift be used for a particular specified purpose.  Any of the above provisions can be restricted in this way.

"I give to Loyola Law School, a California non-profit corporation with its principal place of business at Los Angeles, California, the sum of ____________ Dollars ($________) to be used to establish the _____________ (Endowed Fund, Endowed Scholarship Fund) for the benefit of the (Scholarship Criteria or Program).”

Residuary Bequest

"I give and devise (all) (______ percent) of the residue of all the property, of whatever kind and wherever located, that I own at my death to Loyola Law School, a California non-profit corporation, with its principal place of business at Los Angeles, California, to be establish the _______________ Fund for the benefit of the (Scholarship or Program).”

In the event that you choose to include a restriction in your bequest, it is best to have Loyola Law School review the language to ensure that your wishes will be understood and followed accurately.  In addition, we request that you include the following provision:

"If, in the judgment of Loyola Law School, it becomes or is likely to become impossible or impractical to accomplish the purpose of this gift, the income and/or principal of this bequest may be used for such related purposes and in such manner as determined by said Loyola Law School.”

 

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Advancement Office

CONTACT INFORMATION

Burns Building 204
919 Albany St.
Los Angeles, CA 90015

Thanh Hoang
P: 213.736.1025
F: 213.384.1659
thanh.hoang@lls.edu