Occidental College's Bequest Language
Types of Bequests
There are a number of ways you can make a bequest to Occidental College.
Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Occidental College.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Occidental College.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Occidental College.
Bequest Benefits
Bequest Language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Occidental College in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest to Occidental College, we recommend the following language:
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Occidental College, a nonprofit organization located at 1600 Campus Road, M-36, Los Angeles, CA, 90041, Federal Tax ID #95-1667177, for Occidental College's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Occidental College, a nonprofit organization located at 1600 Campus Road, M-36, Los Angeles, CA, 90041, Federal Tax ID #95-1667177, for Occidental College's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Occidental College, a nonprofit organization located at 1600 Campus Road, M-36, Los Angeles, CA, 90041, Federal Tax ID #95-1667177, for Occidental College's general use and purpose.
If you are considering making a bequest of a percentage of your estate to Occidental College, we recommend the following language:
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Occidental College flexibility should it no longer be possible for our Occidental College to use your gift as you originally intended:
Contact Us
Please contact us if you have any questions about how to make a bequest to Occidental College or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
If you have included a bequest for Occidental College in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
"Members of the Oxy community who support Oxy through their estate plans have provided us with an incredibly distinctive gift-an infinite investment in the College. We are grateful to these generous donors whose forethought will allow Oxy to deliver our exceptional liberal arts education to generation upon generation of talented students."
- President Harry J. Elam, Jr.
"Oxy showed me that the path to one's goals need not be linear or conventional. I learned how to think, to write, to create; to trust my instincts and pursue my interests with passion and a standard of excellence. Not a day has passed that I have not been rewarded in some way by my Occidental education."
Michael and his wife Pamela recently documented an estate gift to support the Obama Scholars Program and the EdgertonOccidental Merit Scholarship.