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Sample Bequest Language

UNRESTRICTED GIFT: The most flexible way to meet Samford's needs

I give to Samford University, a non-profit corporation located in Birmingham, Alabama, ___% of my estate or $_____ or property description or the remainder of my estate for its general use and purposes.

GIFT FOR SPECIFIC PURPOSE: A gift for a particular purpose

I give to Samford University, a non-profit corporation located in Birmingham, Alabama, ___% of my estate or $_____ or property description or the remainder of my estate to be used for state the purpose. If, in the opinion of the President and Trustees of Samford University, all or part of the funds cannot be usefully applied to this purpose, the funds may be used for purposes that, in their opinion, most nearly accomplish the original purpose.

GENERAL ENDOWMENT: Invested for perpetual and unrestricted income

I give to Samford University, a non-profit corporation located in Birmingham, Alabama, ___% of my estate or $_____ or property description or the remainder of my estate to be added to the university's permanent general endowment and managed with these funds in accordance with existing policies.

NAMED ENDOWMENT: Invested for perpetual income for particular purpose

I give to Samford University, a non-profit corporation located in Birmingham, Alabama, ___% of my estate or $_____ or property description or the remainder of my estate to establish the [name of fund] Endowed Fund as a permanent endowment. All or part of the interest, dividends and capital gains may be distributed as directed by the Trustees of Samford University, with undistributed amounts reinvested as principal. The fund shall be used for the purpose of [describe purpose.] If, in the opinion of the President and Trustees of Samford University, all or part of this bequest cannot be usefully applied to this purpose, the bequest may be used for purposes that, in their opinion, most nearly accomplish the original purpose.

(NOTE: To assure that your intent will be realized, please consult the Office of Gift and Estate Design for language review.)

RESIDUARY GIFT: Gives what is left after all other bequests have been paid

All the rest, residue, and remainder of my estate, I give to Samford University, a non-profit corporation located in Birmingham, Alabama, for its general uses and purposes.

CONTINGENCY GIFT: A gift only if primary intentions can't be met

If name of beneficiary(ies) does(do) not survive me, or shall die during the administration of my estate or as a result of a common disaster, I give to Samford University, a non-profit corporation located in Birmingham, Alabama, the bequest that he/she/they would have received to be used for its general uses and purposes.

Precautionary Language to Be Added Whenever A Gift Is Restricted:

If, in the opinion of the President and Trustees of Samford University, all or part of this bequest cannot be usefully applied to this purpose, the bequest may be used for purposes that, in their opinion, most nearly accomplish the original purpose.

"Give It Twice" Life Income Plan: Provides income for term of years or life, then a gift

You may create in your will a trust or charitable remainder trust or gift annuity that pays income to your loved one for life or a term of years and then becomes a gift to Samford University. Sample forms to assist your attorney prepare this plan are available upon request.

Retirement Plans, Life Insurance Policies, Investment or Bank Accounts:
A simple gift

Samford University may be named as a primary or contingent beneficiary for all or part of retirement plans, life insurance policies and investment or bank accounts. The Office of Gift and Estate Design can provide assistance upon request.

Samford University Tax I.D. Number:  63-0312914

For more information about this gift, please Contact us.

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