A bequest is made when a donor provides in a will or living trust for the transfer of a specific amount, a specific asset, or a portion of the remainder of an estate. Assets may be cash, stocks, bonds, mutual fund shares, real estate or personal property. Bequests benefiting Saint Ursula Academy avoid estate taxes.
Suggested wording for a bequest to benefit Saint Ursula Academy is as follows:
I give, devise and bequeath to Saint Ursula Academy, a non-profit organization, presently located at 1339 East McMillan Street, Cincinnati, Ohio, County of Hamilton, the sum of $_________ (insert amount or percentage of estate), to be administered by the said Saint Ursula Academy without restriction for its general education.