Suggested language for bequest:
"I give and bequeath to the CCSU Foundation, Inc., a non-profit, charitable, educational corporation serving Central Connecticut State University the following:
<DESCRIPTION OF PROPERTY>"
Description of property can take a number of different forms:
- the entire estate or a portion of the estate,
- a specific dollar amount,
- certain stocks or other securities,
- real estate, or
- personal property.
"This bequest shall be added to the principal of the <NAME> Fund which is endowed and only the income earned on the principal shall be used to support scholarships for students at Central Connecticut State University as determined by the University Scholarship Committee and the Board of Directors of the Foundation."
"This bequest shall form the initial principal of the <NAME> Fund which is to be endowed and only the income earned on the principal shall be used to support scholarships for students at Central Connecticut State University as specified in the Memorandum of Understanding dated <DATE> between CCSU Foundation, Inc. and me."
If you are planning a restricted bequest, you need to talk to us first at 860-832-3471 or email@example.com.
Information contained herein was accurate at the time of posting. 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 any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: 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. Oklahoma residents: 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. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.