The official bequest language for Centre College, Danville, Kentucky, is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Centre College, Danville, Kentucky [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
To create an endowed fund, such as a named scholarship, in your estate plans, use a provision like this: "To Centre College, Danville, Kentucky, I give, devise, and bequeath $100,000 [or "my vacation home in Naples, Florida"; or "50 percent of my investment account with Fidelity"; or some other asset or amount] to create an endowed scholarship to be named the Isaac Shelby Scholarship and to be awarded to students with financial need." You can adapt this language to fit your wishes, but it is a good idea to check with us first to be sure we can fulfill them.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.