A bequest provides for the transfer by will of a specific asset—generally a named sum, a percentage of the value of the estate, a piece of real estate or tangible property. The way the gift is made can be tailored to meet the special needs of family and friends. Here we provide sample language for you and your advisor:
- Specific Amount or Asset: I give, devise and bequeath to the Woods Hole Oceanographic Institution, 266 Woods Hole Rd., Woods Hole, MA 02543 the sum of $___ (or, all my right, title and interest in the property as described herein).
- Specific Percentage: I give, devise and bequeath to the Woods Hole Oceanographic Institution, (address) ___% of my estate (or, of the residue of my estate).
- Contingent Bequest: Should (name of individual) predecease me, then I direct that my executor provide that his/her interest shall be made payable to the Woods Hole Oceanographic Institution, (address).
Donors may choose to give without restriction, allowing the leadership to use future funds in a way that meets changing needs and priorities with maximum flexibility. They may also choose to support a particular fund or activity.
If you are interested in learning more, please contact Jayne Iafrate at (508) 289-3313 for information.