Suggested bequest language

The following are examples of statements that may be used as models in preparing a bequest or trust designation. Our planned giving staff would be pleased to develop more specific language tailored to your specific needs. Such collaboration will ensure that the correct legal language is used and that one's desires are accurately communicated. For more information please contact Dave Adrian by e-mail at dadrian@georgefox.edu or phone at 503-554-2113.

Specific Bequest - unrestricted use
"I give (the sum of $_______) (the following described property: ______________) to George Fox University, a non-profit public benefit corporation of the State of Oregon, to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate."

Specific Bequest - restricted use
(For information about specific areas of interest, please contact the office of planned giving at George Fox.)
"I give (the sum of $_______) (the following described property: ______________) to George Fox University, a non-profit public benefit corporation of the State of Oregon. This bequest may be combined with the university's other funds for purposes of investment and reinvestment and shall be used by George Fox University in support of (a specific area of interest).

"If at any time in the judgment of the Board of Trustees it is impractical or impossible to carry out this purpose, then the Board of Trustees of the George Fox University may use this bequest for such other purposes as shall be determined by the Board of Trustees to be consistent with my interests and intentions."

Specific Bequest - restricted for student scholarship
(For information about specific scholarship designations or areas of interest, please contact the office of planned giving at George Fox University.)
"I give (the sum of $_______) (the following described property: ______________) to George Fox University, a non-profit public benefit corporation of the State of Oregon. This bequest may be combined with the university's other funds for purposes of investment and reinvestment and shall be used by George Fox University in support of scholarship assistance for students of George Fox University.

Specific Bequest - restricted use and for endowment
(The minimum amount for an endowment fund is $25,000. For information about specific endowment funds and opportunities, please contact the office of planned giving at George Fox University.)
"I give (the sum of $_______) (the following described property: ______________) to George Fox University, a non-profit public benefit corporation of the State of Oregon. This bequest may be combined with the university's other funds for purposes of investment
and reinvestment. The income only from this bequest shall be used by George Fox University in support of (a specific area of interest). The endowment fund established with this bequest shall be known as the '_____________________________ Fund'."
"If at any time in the judgment of the Board of Trustees it is impractical or impossible to carry out this purpose, then the Board of Trustees of the George Fox University may use this bequest for such other purposes as shall be determined by the Board of Trustees to be consistent with my interests and intentions."

Specific Bequest - restricted for student scholarship endowment
(The minimum amount for an endowed scholarship is $25,000. For information about specific endowment funds and opportunities, please contact the office of planned giving at George Fox University.)
"I give (the sum of $_______) (the following described property: ______________) to George Fox University, a non-profit public benefit corporation of the State of Oregon. This bequest may be combined with the university's other funds for purposes of investment and reinvestment. The income only from this bequest shall be used by George Fox University in support of scholarship assistance for students of George Fox University. The endowment fund established with this bequest shall be known as the '_____________________________ Fund'."
"If at any time in the judgment of the Board of Trustees it is impractical or impossible to carry out this purpose, then the Board of Trustees of the George Fox University may use this bequest for such other purposes as shall be determined by the Board of Trustees to be consistent with my interests and intentions."

Residuary Bequest - unrestricted use
"I give all of (or a specific percentage of) the residue and remainder of my estate to George Fox University, a non-profit public benefit corporation of the State of Oregon, to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate."

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