Sample Bequest Language

The specific wording that you should include in your will in order to make a gift to Babson College depends upon the type of gift you wish to make and your circumstances.

These sample provisions may be helpful to you and your attorney.

UNRESTRICTED GIFT (Specific Percentage and Specific Amount)
I give and bequeath to Babson College, a nonprofit educational corporation, located at William Cruickshank Alumni Hall, Babson Park, Massachusetts, 02457, _______ percent of my estate for its general purposes.

I give and bequeath to Babson College, a nonprofit educational corporation, located at William Cruickshank Alumni Hall, Babson Park, Massachusetts, 02457, the sum of $_______________ for its general purposes.

GIFT FOR A RESTRICTED PURPOSE (Specific Percentage and Specific Amount)
I give to Babson College, a nonprofit educational corporation, located at William Cruickshank Alumni Hall, Babson Park, Massachusetts, 02457, _____ percent of my estate to be used for (specify purpose).

I give to Babson College, a nonprofit educational corporation, located at William Cruickshank Alumni Hall, Babson Park, Massachusetts, 02457, the sum of $ ______ to be used for (specify purpose).

SPECIFIC LEGACY
I bequeath my [home, farm, IBM stock, rare antique automobile collection, etc.] to Babson College, a nonprofit educational corporation, located at William Cruickshank Alumni Hall, Babson Park, Massachusetts, 02457. I direct that Babson College utilize this [these] asset[s] as it determines is best for its needs, including the possible sale of the asset.

RESIDUARY LEGATEE
All the rest, residue, and remainder of my estate, both real and personal, I give to Babson College, a nonprofit educational corporation, located at William Cruickshank Alumni Hall, Babson Park, Massachusetts, 02457, for its general purposes.

CONTINGENCY GIFT
I devise and bequeath the residue of the property owned by me at my death, real and personal, and wherever situated, to my [name beneficiary], _____________________, if [he/she] survives me. If [name] does not survive, I devise and bequeath my residuary estate to Babson College, a nonprofit educational corporation, located at William Cruickshank Alumni Hall, Babson Park, Massachusetts, 02457, for its general purposes.

FINAL CONTINGENT BENEFICIARY
I give and bequeath the residue of the property by me at my death, real and personal, and wherever situated, in equal shares to my above named beneficiaries, if they survive me. If my above named beneficiaries do not survive me, I give and bequeath my residuary estate to Babson College, a nonprofit educational corporation, located at William Cruickshank Alumni Hall, Babson Park, Massachusetts, 02457, for its general purposes.

*Note: 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.