Sample Bequest Language

Sample Bequest Language

The following are suggested forms for bequests that may be used by a testator or lawyer when writing a bequest benefitting Burr and Burton Academy. Please note your bequest may be for a stated percent of your estate, a fixed amount or the residue. Examples of each are included below.

Unrestricted Bequest

“I give and bequeath to the Trustees of Burr and Burton Seminary, d/b/a Burr and Burton Academy, an independent school located in Manchester, Vermont, _______ percent (_____%) of my net estate, as an unrestricted gift.”

 

Bequest for General Endowment

“I give and bequeath to the Trustees of Burr and Burton Seminary, d/b/a Burr and Burton Academy, an independent school located in Manchester, Vermont, the sum of _______________ Dollars ($________), to be added to said Academy’s general unrestricted endowment fund so that the income derived there from may be used for general purposes.”

 

Bequest for a Specific Purpose

“I give and bequeath to the Trustees of Burr and Burton Seminary, d/b/a Burr and Burton Academy, an independent school located in Manchester, Vermont, _______ per cent (_____%)* of my net estate as a restricted gift, the principal and income of which is to be used at the discretion of the Board of Trustees, for the purpose of ______________________________________________________________________________________, or, in the event that such use, in the judgment of said Board of Trustees, shall become impracticable, then for such purposes as said Board shall in its discretion determine.”

*or specific dollar amount

 

Bequest for Perpetuating an Annual Gift

“I give and bequeath to the Trustees of Burr and Burton Seminary, d/b/a Burr and Burton Academy, an independent school located in Manchester, Vermont, the sum of ________________ Dollars ($______), the principal of which shall be invested and reinvested in such manner as the Board of Trustees may deem best, the income therefrom derived to be used at the discretion of said Board of Trustees for its general purposes, and said income to be recorded in the records of the Annual Giving Campaign of Burr and Burton Academy.”