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Bequest Language

The easiest way to assist charities with an estate gift is to include a provision in your will. When your family has an up-to-date will you do not wish to change, a simple codicil can be signed, witnessed and attached to an existing will. Schreiner offers the following samples of language for wills and bequests with the understanding that prospective donors will consult their own professional advisors. We are pleased to assist you in constructing other language if the samples below do not meet a specific gift intention.

Suggested Bequest & Codicil Forms
1. General Bequest

This is the simplest form of bequest whereby a person bequeaths a stated amount to Schreiner University without any conditions attached.

I give and bequeath to Schreiner University, a Texas not-for-profit institution located in Kerrville, Texas, [___% of my estate (or the sum of $_________ and/or the securities or other property described herein, namely, (____________)] to be used for the general program of Schreiner University, as directed by the Board of Trustees of Schreiner University.

2. Bequest - Appreciation Only To Be Used

This form establishes an endowment gift, in which the principal is never spent.

I give and bequeath to Schreiner University, a Texas not-for-profit institution now located in Kerrville, Texas, [__% of my estate (or the sum of $_________ and/or the securities or other property described herein, namely, (____________)]. This bequest shall establish an endowment to be invested so that the appreciation therefrom may be used as directed by the Board of Trustees of Schreiner University.

3. Designated Bequest

This provides a sum of money or percentage distribution for a designated endowment project or program—such as specific academic departments, scholarships, campus ministry, the library, athletics, etc.

I give and bequeath to Schreiner University, a Texas not-for-profit institution located in Kerrville, Texas, [___ % of my estate (or the sum of $__________ (and/or the securities or other property described herein, namely (________________)]. This bequest shall establish an endowment to be invested or reinvested at its discretion and the appreciation therefrom to be used for ________________.

4. Residuary Bequest

This is a provision in a will leaving the remainder of one's estate to Schreiner University after all other bequests are fulfilled.

All the rest, residue and remainder of my estate, both real and personal, wherever situated, I give, devise and bequeath to Schreiner University, a Texas not-for-profit institution located in Kerrville, Texas, to be used for the general program as directed by the Board of Trustees of Schreiner University.

5. Residuary Bequest with Unified Tax Credit
(A "tax-free will")


This is a provision in a will leaving everything which exceeds the federal unified tax credit to charitable causes.

I give to the charities listed on Schedule A (attached) my entire estate except for the amount protected by the federal unified tax credit which amount shall be distributed to _________ (List your heirs and their percentages or dollar amounts here).

Suggested Wording for a Codicil to Your Will
The following language, if copied completely in your own handwriting (thus making it a holographic codicil,) might be appropriate in certain circumstances. In any event, please review this with your own attorney.

Version One—Generic Bequest

This is a codicil to my will. In addition to other gifts made in my will, I do hereby give to Schreiner University, a Texas not-for-profit institution located in Kerrville, Texas, (a specific percentage, a piece of property, or a dollar amount) to be used for its general use and purposes.

Signed on this ____ day of _________, 20__, in City, State.

_______________________ _______________________

            Signature                        Witness

_______________________ _______________________

            Witness                        Witness

Version Two—Residuary Bequest

This is a codicil to my will. In addition to other gifts made in my will, I do hereby give ______ percent (____%) of my residuary estate to Schreiner University, a Texas, not-for-profit institution located in Kerrville, Texas to be used for its general use and purposes. This gift is to be free of any burden to pay death taxes.

Signed on this ____ day of ________, 200__, in City, State.

_______________________ ________________________

            Signature                        Witness

_______________________ ________________________

            Witness                        Witness

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