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Sample Gift Language for your Will or Trust

A gift to Middlebury in your will or revocable trust proclaims your confidence that we will continue to serve our mission and make a difference in the lives of future generations. A bequest:

  • is easy to arrange.
  • will not alter your current lifestyle in any way.
  • can be easily modified to address your changing needs.

Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give, bequeath and devise all (or ____ percent) of the rest, residue and remainder of my estate to The President and Fellows of Middlebury College, a corporation of the State of Vermont, located in Middlebury, Vermont, for the general and educational purposes of said Corporation.

Specific Gift Language

Naming Middlebury College as a beneficiary of a specific amount from your estate is easy:

I give, bequeath, and devise to The President and Fellows of Middlebury College, a corporation of the State of Vermont, located in Middlebury, Vermont, the sum of $_______ , (or, ____ percent of the rest, residue and remainder of my estate) to be used to support ___________________ (name of program or academic area.) In the event the need to support _____________ no longer exists, The President and Fellows shall be and hereby are authorized to use this bequest for a purpose in keeping with the spirit of this gift in the best interest of the College.

Contingent Gift Language

Middlebury College or its affiliates can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to The President and Fellows of Middlebury College (Tax ID #03-0179298), located in Middlebury, VT, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

Retirement Plan Beneficiary Language

You may name Middlebury College (Tax ID #03-0179298) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming Middlebury as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Middlebury as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support Middlebury free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator. When you are done, please return the form to your plan administrator and notify Middlebury College. We can also assist you with the proper language for your beneficiary designation to Middlebury.

Customized Language

If you or your attorney would like Middlebury to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.

Need a codicil? Please click here to download.

Next: Will Planning Wizard

Please contact us so that we can assist you through every step of the process.

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