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Bequest Language

An excellent way for you to support United's mission is to leave us a bequest in your will or living trust or with a codicil. One significant benefit of making a gift by bequest is it allows you to continue to use the property you are leaving to charity during your life. Another benefit is you are able to leave a lasting legacy.
 

Types of Bequests


There are a number of ways you can make a bequest to United.
 
Specific Bequest. A specific bequest involves making a gift of a specific asset, such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to United.

Percentage Bequest. Another kind of specific bequest involves leaving a predetermined percentage of your overall estate to charity. In this instance, you might leave 10% of your estate to United.

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, such as leaving 30% of the residue of your estate to United.

Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met, i.g. 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 goes to United.
 

Bequest Benefits


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

Bequest Language


In order to make a bequest to United, you should speak with your attorney, who can help you. 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 United, we recommend the following language:
 
Bequest of a Specific Dollar Amount

I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to United Theological Seminary of the Twin Cities, a nonprofit organization located at 3000 Fifth Street NW, New Brighton, MN 55112-2598, Federal Tax ID #41-0854766, for United Theological Seminary of the Twin Cities' general use and purpose.

Bequest of Specific Personal Property

I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to United Theological Seminary of the Twin Cities, a nonprofit organization located at 3000 Fifth Street NW, New Brighton, MN 55112-2598, Federal Tax ID #41-0854766, for United Theological Seminary of the Twin Cities' 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 United Theological Seminary of the Twin Cities, a nonprofit organization located at 3000 Fifth Street NW, New Brighton, MN 55112-2598, Federal Tax ID #41-0854766, for United Theological Seminary of the Twin Cities' general use and purpose.
 
2. Percentage Bequest

If you are considering making a bequest of a percentage of your estate to United, we recommend the following language:
 
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to United Theological Seminary of the Twin Cities, a nonprofit organization located at 3000 Fifth Street NW, New Brighton, MN 55112-2598, Federal Tax ID #41-0854766, for United Theological Seminary of the Twin Cities' general use and purpose.
 
3. Residual Bequest
 
I hereby give, devise and bequeath to United Theological Seminary of the Twin Cities, a nonprofit organization located at 3000 Fifth Street NW, New Brighton, MN 55112-2598, Federal Tax ID #41-0854766, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for United Theological Seminary of the Twin Cities' general use and purpose.
 
4. Contingent Bequest
 
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to United Theological Seminary of the Twin Cities, a nonprofit organization located at 3000 Fifth Street NW, New Brighton, MN 55112-2598, Federal Tax ID #41-0854766, DESCRIPTION OF PROPERTY to be used for United Theological Seminary of the Twin Cities' general use and purpose.
 

Restricted Bequests


If you are considering a bequest but would like to ensure it is used for a specific purpose, please let us know. We are happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives and to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend your attorney includes the following provision to give United flexibility regarding your bequest, just in case it is no longer possible for the seminary to use your gift as you originally intended:
 
If, in the judgment of the Board of Directors of United Theological Seminary of the Twin Cities, it shall become impossible for United Theological Seminary of the Twin Cities to use this bequest to accomplish the specific purposes of this bequest, United Theological Seminary of the Twin Cities 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 United or want to request any additional information that might be helpful to you and your attorney.

If you have already included a bequest for United in your estate plan, please let us know. We would like to thank you and recognize you for your gift.
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