Ferrum College's Bequest Language
An excellent way for you to support Ferrum College's mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Ferrum College in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest to Ferrum College, we recommend the following language:
If you are considering making a bequest of a percentage of your estate to Ferrum College, we recommend the following language:
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Ferrum College flexibility should it no longer be possible for Ferrum College to use your gift as you originally intended:
Please contact us if you have any questions about how to make a bequest to Ferrum College or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
If you have included a bequest for Ferrum College in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
Bequest Language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Ferrum College in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest to Ferrum College, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, for Ferrum College's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, for Ferrum College's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, for Ferrum College's general use and purpose.
2. Percentage BequestI hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, for Ferrum College's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, for Ferrum College's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, for Ferrum College's general use and purpose.
If you are considering making a bequest of a percentage of your estate to Ferrum College, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, for Ferrum College's general use and purpose.
3. Residual Bequest
I hereby give, devise and bequeath to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Ferrum College's general use and purpose.
4. Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Ferrum College, a nonprofit organization located at PO Box 1000, Ferrum, VA, 24088, Federal Tax ID #54-0506457, DESCRIPTION OF PROPERTY to be used for Ferrum College's general use and purpose.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Ferrum College flexibility should it no longer be possible for Ferrum College to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Ferrum College, it shall become impossible for Ferrum College to use this bequest to accomplish the specific purposes of this bequest, Ferrum College may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Contact Us
Please contact us if you have any questions about how to make a bequest to Ferrum College or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
If you have included a bequest for Ferrum College in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.