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Sample Bequest Language
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Planned Giving Council

The Santa Rosa Junior College Foundation can assist you and your advisors in developing an estate gift plan that serves you and the College. In addition, the SRJC Foundation has a Planned Giving Council of professionals who offer free consultation to individuals who wish to consider making a gift to the SRJC Foundation.

Sample Bequest Language

How to Designate Your Bequest

Please note that the following sample language is intended only as a general guide for those preparing wills or trusts. All bequests to Santa Rosa Junior College should be designated with the Santa Rosa Junior College Foundation as the beneficiary. The Santa Rosa Junior College Foundation is recognized as the official organization to receive and administer gifts and bequests on behalf of Santa Rosa Junior College.

Unrestricted Bequest

"I give (describe dollar amount, property to be given, or proportion of residuary estate) to the Santa Rosa Junior College Foundation, a non-profit California corporation with its principal offices in Santa Rosa, California, in the County of Sonoma, to be used for the benefit of the College in such a manner as the Santa Rosa Junior College Foundation Board of Directors may elect."

Restricted Bequest

"I give (describe dollar amount, property to be given, or proportion of residuary estate) to the Santa Rosa Junior College Foundation, a non-profit California corporation with its principal offices in Santa Rosa, California, in the County of Sonoma for the purposes of establishing the following restricted fund (indicate purpose)."

"If in the future the Board of Directors of the Santa Rosa Junior College Foundation, in concert with the President and academic leadership of Santa Rosa Junior College determines that the specific purposes for which this fund was established no longer pertain or the programs benefiting from these funds no longer exist, the Board may designate that the funds be used for those purposes and programs at Santa Rosa Junior College which are most closely aligned with the original intent. Such re-designation of funds would be allowed only to the extent permitted by California law and the policies and procedures of Santa Rosa Junior College."

Restricted Named Endowment Fund (Perpetual Resource)

"I hereby leave (describe dollar amount, property to be given, or proportion of residuary estate) of my estate to the Santa Rosa Junior College Foundation of Santa Rosa, California, to constitute an endowment fund which shall be used to establish a (indicate purpose such as scholarship, program, or academic department fund). This fund shall be known as (indicate proposed name of fund). For the purpose of investment, this fund may be combined with other funds of the Santa Rosa Junior College Foundation and administered according to the Santa Rosa Junior College Foundation policies and procedures."

"If in the future the Board of Directors of the Santa Rosa Junior College Foundation, in concert with the President and academic leadership of Santa Rosa Junior College, determines that the specific purposes for which this endowment was established no longer pertain or the programs benefiting from these funds no longer exist, the Board may designate that the funds be used for those purposes and programs at Santa Rosa Junior College which are most closely aligned with the original intent. Such re-designation of funds would be allowed only to the extent permitted by California law and the policies and procedures of Santa Rosa Junior College."

Simple Residuary Bequest

"I give the rest of the property I own at my death to the Santa Rosa Junior College Foundation of Santa Rosa, California, in the County of Sonoma, to be used for unrestricted purposes."

Contingency Bequest

"If (indicate name or names) is not living after the date of my death, I give the remainder of the property I own to the Santa Rosa Junior College Foundation to be used for unrestricted purposes."

For More Information

Please contact the Santa Rosa Junior College Foundation at (707) 527-4348 or 527-4797 for a confidential appointment.

Establishing an Endowment

The Benefits of an Endowment

Many donors find that their philanthropic wishes can be met by establishing an endowment through the Santa Rosa Junior College Foundation. Endowments are permanent funds from which only the income is used. The annual investment income, or interest, is used for the purpose designated by the donor. Additional gifts may be made to the fund to increase the principal and thereby increase the annual investment income. Endowments represent rewarding gift opportunities because they offer the donor the satisfaction of knowing that his or her gift will continue working for future generations.

How an Endowment is Established

The endowed fund may be established with a contribution in the form of cash, appreciated securities, or other charitable gifts such as a bequest. The fund is invested by the Santa Rosa Junior College Foundation, which serves as a steward of the endowed funds. The Foundation is a non-profit, 501(c)(3) organization. Contributions to the SRJC Foundation are tax-deductible as allowable by law.

The Purposes of an Endowed Fund

With the assistance of a Santa Rosa Junior College development officer, donors can specify the details of the fund's objectives. The following ideas are a sampling of what an endowed fund can accomplish to enhance educational excellence at SRJC. Income from endowments will enable the College to support undergraduate scholarships, graduate student fellowships, professorships, chairs, and promising research. Funds range from $10,000 to $1 million:

For More Information

To discuss how to create an endowment, contact the Santa Rosa Junior College Foundation at (707) 527-4348, for a confidential appointment with a member of our staff.

Santa Rosa Junior College Home Page: http://www.santarosa.edu