Planned Giving

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University of Dayton's Bequest Language

An excellent way for you to support the University of Dayton's mission is to leave a bequest in your will or living trust. One significant benefit of making a gift in your will or trust is that it allows you to continue to use the property you will leave to charity during your lifetime. Another benefit is that you are able to leave a lasting and impactful legacy.

Types of Bequests


There are a number of ways you can make a bequest to the University of Dayton.

Percentage (Residual) Bequest. A residual bequest is made from the balance of an estate after the will or trust has paid each of specific bequest. A common residual bequest involves leaving a percentage of the remainder of your estate to charity. For example, you may wish to leave all (100%), or even 50% of the residue of your estate to University of Dayton.

Percentage (Residual) Bequest Language:

I hereby give, devise and bequeath to the University of Dayton, a nonprofit organization located at 300 College Park, Dayton, OH, 45469-7053, Federal Tax ID #31-0536715, [ALL OR A PERCENTAGE] of the rest, residue and remainder of my estate to be used for [the University of Dayton's general use and purpose] [or a specific use].

Specific Bequest. A specific bequest involves making a gift of a specific dollar amount, or a specific asset such as real estate, a collection, or other property. For example, you may wish to leave a gift of $50,000 (or any amount) to the University of Dayton, or perhaps leave your home or other real estate to the University.

Bequest of a Specific Dollar Amount Language:

I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to the University of Dayton, a not-for-profit corporation located at 300 College Park, Dayton, OH, 45469-7053, Federal Tax ID #31-0536715, for University of Dayton's general use and purpose.

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 University of Dayton.

Bequest Benefits


A bequest is a revocable gift, which means it can be changed or modified at any time during your lifetime. You can choose to designate your bequest to be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as you intend. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or even eliminate estate taxes, resulting in a larger inheritance for your loved ones.

Bequest Language


In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to the University of Dayton in your estate plan. We have provided some basic bequest language to assist you and your attorney. We are happy to work with your attorney to draft more specific language that can accomplish more specific goals that you may have. Please contact our office at 937-229-4484 or plannedgiving@udayton.edu if you would like to learn more.

Bequest of Specific Real Estate

Gifts of real estate in a will or trust can often be more complicated than bequests with other assets. If you want to leave a gift of real estate in your will or trust to the University of Dayton, please contact the Office of Planned Giving so that we can work with you to ensure that the University can effectively use the property and so that you have the appropriate wording in your will to accomplish the impact that you want with your real estate gift.

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 draft bequest language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give University of Dayton flexibility should it no longer be possible for our University of Dayton to use your gift as you originally intended:

If, in the judgment of the Board of Directors of University of Dayton, it shall become impossible for the University of Dayton to use this bequest to accomplish the specific purposes of this bequest, the University of Dayton may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

Contact Us


Please contact us if you have any questions about how to make a bequest to the University of Dayton or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to support UD and its students.

If you include a bequest for the University of Dayton in your estate plan, or have already done so, please let us know. We would like to thank you and recognize you for your gift. Having information about your gift also makes our job easier in making sure that the impact you intend is carried out.

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CONTACT

University Advancement

1700 South Patterson
Building 5th Floor
300 College Park
Dayton, Ohio 45469 - 7053
937-229-4484
Email
Gifts Through My Will or Trust