Gift Planning

Bequest Language

pdficon_large.gif Printable Bequest Language

The following are examples of three outright gift provisions. The sample language illustrates how a bequest can be accomplished. We encourage donors to share this information with their legal counsel and recommend that anyone undertaking estate planning do so with the consultation of an attorney.

Specific Bequest to the UCF Foundation, Inc.

A specific bequest gives a specific item or specific piece of property to the UCF Foundation, Inc. Such bequests are fulfilled first, before cash and residuary bequests. If the donor disposes of the specified property during his or her lifetime, there will be no bequest to the UCF Foundation, Inc.

"I give ________________ (describe asset) to the UCF Foundation, Inc. (Tax ID# 59-6211832), located in Orlando, Florida, to further the objectives and purposes of UCF (or specify the College, School, Division, or Department at UCF)."

Cash Bequest to the UCF Foundation, Inc.

A cash bequest provides the UCF Foundation, Inc. with a specified sum of money from a donor's estate. These bequests are fulfilled second, after specific and before residuary bequests. 

"I give _____ dollars ($_____) to the UCF Foundation, Inc. (Tax ID# 59-6211832), located in Orlando, Florida, to further the objectives and purposes of UCF (or specify the College, School, Division, or Department at UCF)."

Residuary Bequest to the UCF Foundation, Inc.

A residuary bequest is made from the residue, or what remains in a donor's estate after specific and cash bequests, taxes, settlement costs, and debts are satisfied. This type of bequest is sensitive to changes in the size of the estate over time.

"I give the residue (or _____ percent of the residue) of my estate to the UCF Foundation, Inc. (Tax ID# 59-6211832), located in Orlando, Florida, to further the objectives and purposes of UCF (or specify the College, School, Division, or Department at UCF)."

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