A bequest—a gift in your will—is simple and convenient. You can create a legacy through a bequest.
Your bequest can be a specific dollar amount or a percentage of your estate. You can designate your bequest for general use, or you can restrict its use. Many individuals establish endowments that honor the memory of a family member or a loved one. These endowments live forever because only the portion of the fund available for spending each year is paid out annually.
If you decide to include a gift in your estate plan, our legal name is Pacific University and our tax ID number is 93-0386892.
Examples of various types of bequests
Specific bequests are used to make a gift of a specific dollar amount or specific asset (such as securities, real estate, or personal property).
Residuary bequests are used to give all or a portion of the remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.
Including Pacific University in your will
Following are examples of suggested bequest wording to benefit Pacific University.
Each individual situation is unique; therefore, these examples include only some of the possible gift opportunities. We encourage you to discuss your intentions with us at Pacific University to ensure that your wishes will be properly followed and recognized.
Because a will is an important legal document, you should seek an attorney's help. To assist you with this important process, we offer suggested wording below.
Percentage of estate for unrestricted purposes
"I give to Pacific University, a nonprofit organization located in Forest Grove, Oregon, __________ percent (%) of the remainder of my estate for its general charitable purposes.”
Specific amount for unrestricted purposes
"I give to Pacific University, a nonprofit organization located in Forest Grove, Oregon, the sum of $__________ in cash (or __________ shares of __________ stock) to be used for its general charitable purposes."
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