The following is intended to help you and your attorney in drafting a bequest that satisfies your interests. As you consult your attorney on the selection of appropriate wording to reflect your own goals and intentions regarding Fairfield University, be sure our organization’s correct legal name appears in all final documents as:
“Fairfield University, 1073 North Benson Road, Fairfield, Connecticut 06824, a Connecticut nonprofit corporation, or its successor, Federal Tax Identification Number: 06-0646623.”
General Bequest of a stated sum of money may be worded:
I give to Fairfield University, 1073 North Benson Road, Fairfield, Connecticut 06824, a Connecticut nonprofit corporation, or its successor, Federal Tax Identification Number 06-0646623 [insert here the exact dollar amount].
I understand and agree that should it ever become impossible or impractical to use the gift for the purpose specified herein/in the Letter of Intent, the Trustees of Fairfield University, in their discretion, may direct the Funds to support the University’s priority which is most similar to my original interest and commitment.
Specific Bequest of a certain asset from your estate may be worded:
I give to Fairfield University, 1073 North Benson Road, Fairfield, Connecticut 06824, a Connecticut nonprofit corporation, or its successor, Federal Tax Identification Number 06-0646623, [insert here a description of the particular property].
I understand and agree that should it ever become impossible or impractical to use the gift for the purpose specified herein/in the Letter of Intent, the Trustees of Fairfield University, in their discretion, may direct the Funds to support the University’s priority which is most similar to my original interest and commitment.
Residuary Bequest, after other bequests and expenses have been paid, may be worded:
I give to Fairfield University, 1073 North Benson Road, Fairfield, Connecticut 06824, a Connecticut nonprofit corporation, or its successor, Federal Tax Identification Number 06-0646623, all [or a portion] of the rest, residue and remainder of my estate.
I understand and agree that should it ever become impossible or impractical to use the gift for the purpose specified herein/in the Letter of Intent, the Trustees of Fairfield University, in their discretion, may direct the Funds to support the University’s priority which is most similar to my original interest and commitment.
Contingent Bequest if the person making the will is not survived by certain individuals:
If [name/s of primary beneficiary/ies] do/es not survive me, or shall die within ninety (90) days from the date of my death, then I give to Fairfield University, 1073 North Benson Road, Fairfield, Connecticut 06824, a Connecticut nonprofit corporation, or its successor, Federal Tax Identification Number 06-0646623, [insert here the exact dollar amount, description of property, or percentage of residual estate].
I understand and agree that should it ever become impossible or impractical to use the gift for the purpose specified herein/in the Letter of Intent, the Trustees of Fairfield University, in their discretion, may direct the Funds to support the University’s priority which is most similar to my original interest and commitment.