Guilford College's Bequest Language

Bequest Language for Donors

The following is intended to help you and your attorney in drafting a bequest that satisfies your interests. As you consult your attorney on the selection of appropriate wording to reflect your own goals and intentions regarding Guilford College, please use the following wording to describe the college:

"Guilford College, a non-profit organization located at 5800 W. Friendly Ave., Greensboro, NC, 27410, Federal Tax ID #56-0529982"

Choose the Type of Bequest that is Best for You:

• A Specific or General Bequest. Give Guilford College a specific asset or amount of money.
  - For example, you may wish to leave your home or $10,000 to Guilford College
• A Percentage Bequest. Give Guilford College a percentage of all of your estate.
  - For example, you may wish to leave 10% of your estate to Guilford College.
• A Residuary Bequest. Give Guilford College a portion of the residual amount that is left in your estate after all specific bequests have been satisfied.
  - For example, you may wish to leave 30% of the residue of your estate to Guilford College.
• A Contingent Bequest. Give Guilford College an amount or percentage of your estate that will only be granted if a certain event occurs first.

Sample Language

For a bequest providing unrestricted support:


For a restricted bequest (a bequest allocated to a particular area of the college ? for example, financial aid or faculty support):

• We encourage everyone to contact us so that we can discuss the parameters of your desired gift, and how it matches Guilford's needs. This conversation will also help ensure that your wishes are understood and can be fulfilled by the college.
• We would be happy to work with you and your attorney to help you identify ways to give that will ensure your charitable objectives can be met. We will also work with you and your attorney to craft language to accomplish your objectives.
• We recommend that your attorney include the following provision to give Guilford College flexibility should it no longer be possible for our Guilford College to use your gift as you originally intended:
  "If, in the judgment of the Board of Directors of Guilford College, it shall become impossible for Guilford College to use this bequest to accomplish the specific purposes of this bequest, Guilford College may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest."

Contact Us

Please contact us if you have any questions about how to make a bequest to Guilford College or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.