What's a Bequest?
(bi-kwest') 1. The act of giving, leaving by will, or passing on to another. 2. Something that is bequeathed; a legacy.
St. Francis Cabrini left Villa Academy an enduring legacy of spirituality, compassion, and magnificent surroundings. If you've been part of our community as a student, parent, grandparent or friend, you understand what a special place Villa is. You can join Mother Cabrini and leave your own legacy, one that will help our school sustain its growth and development in the years to come.
If you are considering a bequest, please check the links below. If you have questions, you are always welcome to call Joan Hudson, Director of Institutional Advancement, at 206.729.0219 x268.
TYPES OF BEQUESTS
General Bequests: legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the cause of your choice. General bequests are the most effective gifts, which allow the school to use your gift in a way the meets the school's needs at the time.
Sample language: I give, devise, and bequeath to Villa Academy, an educational non-profit 501c3 in the state of Washington, the sum of $_____, for the benefit of Villa Academy and its general purposes.
Specific Bequests: made when a particular item or property is bequeathed for a designated purpose.
Sample language: I give, devise, and bequeath to Villa Academy, an educational non-profit 501c3 in the state of Washington, the sum of $_____, (or a description of the specific asset) for the benefit of Villa Academy to be used for the following purpose: (state the purpose). If at any time in the judgment of the trustees of Villa Academy, it is impossible or impracticable to carry out exactly the designated, they shall determine an alternative purpose closest to the designated purpose.
Residuary Bequests: Made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
Sample language: All the rest, residue, and remainder of my estate, both real and personal, I give to Villa Academy, an educational non-profit 501c3 in the state of Washington, for its general purposes.
Contingent Bequests: allow you to leave a portion of your estate to a particular charity if your named beneficiary does not survive you.
Sample language: I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name of beneficiary) if (he/she) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to Villa Academy, an educational non-profit 501c3 in the state of Washington, for its general purposes.
BEQUEST INTEREST FORM
If you are considering a bequest, please complete this form and we will contact you. Thank you.