BEQUEST

A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to the Sauk Valley Foundation.

Consider the following bequest language

BEQUEST FOR UNRESTRICTED PURPOSES:

I give, devise and bequeath to the SAUK VALLEY COLLEGE FOUNDATION, a non-profit corporation duly existing under the laws of the State of Illinois and located in Dixon, Lee County, Illinois, the sum of $______ or ______percent (%) of the rest, residue and remainder of my estate as an unrestricted gift to benefit Sauk Valley Community College.

BEQUEST TO BENEFIT AN EXISTING FUND:

I give, devise and bequeath to the SAUK VALLEY COLLEGE FOUNDATION, a non-profit corporation duly existing under the laws of the State of Illinois and located in Dixon, Lee County, Illinois, the sum of $______or ______ percent (%) of the rest, residue and remainder of my estate, for to benefit Sauk Valley Community College. Should circumstances later render it impossible or impractical to use this gift for the purpose herein designated, then the Sauk Valley College Foundation may use the gift for other purposes, adhering as closely as possible to my original intent.

BEQUEST TO CREATE A NEW ENDOWMENT*:

I give, devise and bequeath to the SAUK VALLEY COLLEGE FOUNDATION (“Foundation”), a non-profit corporation duly existing under the laws of the State of Illinois and located in State of Illinois and located in Dixon, Lee County, Illinois, $______ or ______percent (%) of the rest, residue, and remainder of my estate, to establish an endowed fund to be used in accordance with the Planned Gift Agreement between me, ____________________, and the Foundation or, if no such agreement exists, to be used for unrestricted purposes to benefit Sauk Valley Community College.
*If you wish to proceed with the option of creating a new endowment, please contact the SVC Foundation Office at (815) 835-6219 prior to having your estate documents prepared to obtain a listing of endowment minimums to ensure that your gift meets current endowment requirements.

The informationĀ contained above is not intended as legal or tax advice. Please consult with an attorney or tax advisor for such advice and for applicability of the aboveĀ language to your particular circumstances.

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