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Support Knox > Ways of Giving > Bequests

Sample Bequest Language

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Galesburg, IL 61401-4999

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Below are some examples of language that might be used in the body of a will. This sample language is not intended as legal advice. We recommend that you consult your own advisors about your specific situation.

Unrestricted Gift
I give, devise and bequeath to Knox College, a not-for-profit Illinois educational corporation located in Galesburg, Illinois, the sum of $________ (or real or personal property described herein), to be placed in the permanent endowment of the College in my name (or the names of designated individuals), granting the Trustees the right to invest and reinvest as occasion and best interests of Knox dictate. The annual earnings only are to be used for a purpose or purposes selected by the Trustees.

Gift to Fund a Scholarship
I give, devise and bequeath to Knox College, a not-for-profit Illinois educational corporation located in Galesburg, Illinois, the sum of $________ (or real or personal property described herein) to be placed in the permanent endowment of the College in my name (or the names of designated individuals), granting the Trustees the right to invest and reinvest as occasion and the best interests of Knox dictate. Only the annual earnings are to be used to award scholarships to qualified students.

Percentage Bequest
I give, devise and bequeath to Knox College, a not-for-profit Illinois educational corporation located in Galesburg, Illinois, ______% of my residuary estate. [Text can proceed to include unrestricted nature of gift or gift for designated purpose].

Residuary Bequest
I give, devise and bequeath to Knox College, a not-for-profit Illinois educational corporation located in Galesburg, Illinois, all of the rest, residue and remainder of my estate. [Text can proceed to include unrestricted nature of gift or gift for designated purpose].

Note: This sample language is not intended as legal advice. We recommend that you consult your own advisors about your specific situation.

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https://www.knox.edu/support-knox/ways-of-giving/bequests/sample-bequest-language

Printed on Saturday, November 18, 2017

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