How to Word your Bequest<!wide>

How to Word your Bequest
Unrestricted general legacy
"I give to Graceland University, I University Place, Lamoni, IA 50140 the sum of $____ for its general purposes."
Amount of gift dependent of the size of your estate
"I gift to Graceland University, 1 University Place, Lamoni, IA 50140 an amount equal to ____ % of my adjusted gross estate as finally determined for federal tax purpose or $____, whichever is larger."
Gift of Residuary Estate
"I gift the residue of the property owned by me at the time of my death, real and personal and whatever situate to, Graceland University, 1 University Place, Lamoni, IA 50140."
Gift to a specific purpose
"I give to Graceland University, 1 University Place, Lamoni, IA 50140 an amount equal to ____% of my adjusted gross estate as finally determined for federal estate tax purposes. This amount shall be for [name of endowed fund] and is to be administered under the terms of an agreement which is on file with Graceland University."
Gift of IRA or Retirement Plan assets after the passing of the second spouse
"I instruct that all my charitable gifts, bequests and devises shall be made to the extent possible, from property that constitutes income in respect of a descedent as that term is defined in the Internal Revenue Code."
Gift Your IRA: Provision for payments for life or a term of years to surviving spouse, then remainder to Graceland
"If [name of spouse] of [city and state] shall survive me, then the Designated Beneficiary is Graceland University, 1 University Place, Lamoni, IA 50140 for a non assignable gift annuity payable quarterly for one life to [name of spouse], with payout at the standard rate Graceland University pays to annuitants of her/his age as of the date of my death. If [name of spouse] of [city and state] shall not survive me, then the Designated Beneficiary is Graceland University of Lamoni, IA."
Specific Property
"I gift to Graceland University, 1 University Place, Lamoni, IA 50140 the property described below for its general purposes."
Contingent gift of residuary estate
"I give the residue of the property owned by me at my death, real and personal and whatever the situate, to my [daughter/son] ____ if [she/he] survives me. If [she/he] does not survive me, I gift my residuary estate to Graceland University, 1 University Place, Lamoni, IA 50140."

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Graceland University - 
Lamoni Campus
| 1 University Place |
Lamoni, IA 50140 |
641.784.5000
Independence Campus
| 1401 W. Truman Road |
Independence, MO 64050-3434 |
816.833.0524
Online Programs
800.833.0524
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