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Bequests

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Give Beyond Your Lifetime – A Bequest in Your Will

Once you no longer need them, your resources can brighten your community’s future.

More and more, alumni and friends of ESCC are looking for ways to perpetuate their support for the college. A bequest is a simple and effective way to continue your contribution to ESCC beyond your lifetime.

Your bequest without restriction can underwrite the college’s most critical needs.  Your bequest restricted to endowment will provide perpetual income for future needs of ESCC, some not yet even imagined.  Your designated bequest will support whatever part of the life of the school is most meaningful to you. To help the ESCC Foundation prepare to manage your intended designation, please contact the Foundation at pkellam@es.vccs.edu.

A bequest gift to ESCC Foundation is easy to make with an attorney’s help. Bequest provisions can be written to suit your exact inclination, whether that is to give the school:

  • a particular percentage of your estate’s value,
  • a specific dollar amount, or
  • a specific item of real property.

For sample bequest language for each type, please see below.   Please show this language to your attorney, who can adapt it to suit your needs. Please direct all bequests, of whatever type, to “Eastern Shore Community College Foundation”.  Your attorney can also draft a contingent bequest that takes effect only in the right circumstances.

Although you may hesitate to tell the Foundation about its place in your estate plans, it is important to do so, especially if you intend to designate your bequest for a particular purpose. Notifying the Foundation will help to ensure that your gift is used as you intend, and confirms that the gift’s designation makes the greatest contribution possible to increased educational achievement on the Shore. The school and its Foundation pledge to keep all such information secure and confidential, and to be good stewards of your gifts.

If you have already made provision for the school Foundation in your planning, please accept our thanks, and please inform the Foundation at pkellam@es.vccs.edu.

 

The Legacy Society

ESCC Foundation honors those who make bequests to the school with membership in the Legacy Society. Members of the Legacy Society have acted to ensure that an improved community and greater opportunity are part of their life legacy, through the work of ESCC.  To join the Society, please contact Patty Kellam, Executive Director, at 757.789.1749 or pkellam@es.vccs.edu.

 

Sample Bequest Language

Percentage of residue after expenses and other bequests:
“I devise and bequeath (all/or ___%) of the remainder of my property to the Trustees of the ESCC Foundation, Melfa, Virginia, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate.”
 
A specific dollar amount:
“I bequeath the sum of $____ to The Trustees of the ESCC Foundation, Melfa, Virginia, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate.”
 
Specific personal property:
“I bequeath <description> to The Trustees of the ESCC Foundation, Melfa, Virginia, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate.”
 
Specific real property:
“I devise all of my right, title, and interest in and to the real estate located at <Description > to The Trustees of the ESCC Foundation, Melfa, Virginia, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate.
 
A bequest for a purpose other than unrestricted use:
“I bequeath the sum of $____ to The Trustees of the ESCC Foundation, Melfa, Virginia, for the following use and purpose <description of purpose>.”
 
For a gift subject to a restriction, we suggest including one of the following provisions:
“However, I impose no legal or equitable obligation in this regard.”
 
Or
 
“If in the judgment of The Trustees of the ESCC Foundation, it becomes impossible to accomplish the purposes of this gift, the income or principal may be used for such related purposes and in such manner as may be determined by its Board of Directors.”

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