Bequest Samples

Letter of intent

To: University of Ontario Institute of Technology, Advancement Office
From:
Date:

I/we are pleased to confirm my/our intention to support the University of Ontario Institute of Technology (UOIT) through a bequest commitment with a present estimated value of $___________. This gift is designated to ______________.

The will or the provision(s) of the will that name UOIT as a beneficiary, and any additional text relevant to the bequest, may be attached to this letter of intent. I/we recognize that this letter does not legally bind our estate or me/us but is an expression of my/our wish to support UOIT through the proceeds of this bequest. Further, I/we cannot assure that the estimated value noted above will be the realized value. I/we will inform you of any significant change in our plan.

Sample will clauses

Capital bequests: unrestricted use

"I give, devise and bequeath to the University of Ontario Institute of Technology at Oshawa, Ontario, Canada, the sum of $________, (or per cent share of my estate) for the use and purposes of the university as its Board of Governors may determine."

Capital bequest: restricted use

"I give, devise and bequeath to the University of Ontario Institute of Technology at Oshawa, Ontario, Canada, the sum of $________, (or per cent share of my estate) to be used for ______________."

Residual bequest: unrestricted use

"I give, devise and bequeath to the University of Ontario Institute of Technology at Oshawa, Ontario, Canada, the whole of (or per cent share of) the residue of my estate to be used at the discretion of the university."