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Leaving a Bequest

The information on this site is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.

I hereby give to the PRESIDENT AND BOARD OF TRUSTEES OF SANTA CLARA COLLEGE, (hereinafter referred to as "the Board" or "Santa Clara University"), an educational institution located in California, the following described property: __________

OR the sum of: __________

OR __________ percent (_______%) of the residue of my estate.

The Board shall use this gift: __________

Examples:
. . . where the need is greatest.
. . . at the President's discretion.
. . . to provide scholarships to worthy and needy students.
. . . for the college of Arts and Sciences.
. . . for the School of Engineering.
. . . for the Leavey School of Business.
. . . for athletics.

Tax ID number: 94-1156617

Suggested Language for a Contingent Bequest to Santa Clara University
The following language may be used if the bequest is one with no specific direction for its intended use:
“If XXXXX predeceases me, I give such property to the President and Board of Trustees of Santa Clara College.”

The following language may be used if the donor designates the gift to Santa Clara for a specific purpose:
“If XXXXX predeceases me, I give such property to the President and Board of Trustees of Santa Clara College to be used...”

Examples:
. . . where the need is greatest.
. . . at the President’s discretion.
. . . to provide scholarships to worthy and needy students.
. . . for the College of Arts and Sciences.
. . . for the School of Engineering.
. . . for the Leavey School of Business
. . . for athletic scholarships.


Suggested Language for a Bequest to Establish a Scholarship or Professorship to Santa Clara University
I hereby give to the PRESIDENT AND BOARD OF TRUSTEES OF SANTA CLARA COLLEGE, (hereinafter referred to as “the Board” or “Santa Clara University”), an educational institution located in California, the following described property: “. . . the greater of $ XXXX (the current cost of an endowed scholarship or professorship) or the minimum amount required to fund an endowed scholarship or professorship at my death.”

OR

“ . . . $ XXXX (the current cost of an endowed scholarship or professorship). If, at the time of my death, this amount is less than the minimum amount required to fund an endowed scholarship or professorship, then this amount shall instead be used for . . .”

state alternate purpose such as . . .
. . . where the need is greatest
. . . at the President’s discretion
. . . for the College of Arts and Sciences
. . . for athletics.

Suggested Language for a Bequest of Income in Respect to a Decedent (IRD) to Santa Clara University
This language is to be used whenever the intended bequest will be anything other than a specific bequest of a specific asset:
“This bequest shall be paid out of ‘income in respect to a decedent’ as that term is defined in the internal Revenue Code to the fullest extent possible. If such “income in respect to a decedent”, as valued for U. S. Estate Tax purposes, is insufficient to pay this bequest, then it shall be paid to the extent necessary out of the general assets of my estate.”

This information is intended as a general guide for the use of attorneys.

Santa Clara University
Office of Gift Planning
500 El Camino Real
Santa Clara, CA 95053-1400
408 554-2108
giftplanning@scu.edu


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