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• Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to the Augustine Institute.
• Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to the Augustine Institute.
• Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to the Augustine Institute.
• Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to the Augustine Institute.

1. Specific Bequest

   If you are considering making an outright bequest to the Augustine Institute, we recommend the following language:
   • Bequest of a Specific Dollar Amount
     I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to the Augustine Institute, a nonprofit organization located at 6160 S. Syracuse Way, Greenwood Village, CO 80111, Federal Tax ID # 20-2349108, for the Augustine Institute’s general use and purpose.
   • Bequest of Specific Personal Property
     I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to the Augustine Institute, a nonprofit organization located at 6160 S. Syracuse Way, Greenwood Village, CO 80111, Federal Tax ID # 20-2349108, for the Augustine Institute’s general use and purpose.
   • Bequest of Specific Real Estate
     I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to the Augustine Institute, a nonprofit organization located at 6160 S. Syracuse Way, Greenwood Village, CO 80111, Federal Tax ID # 20-2349108, for the Augustine Institute’s general use and purpose.

2. Percentage Bequest

   If you are considering making a bequest of a percentage of your estate to the Augustine Institute, we recommend the following language:
   I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to the Augustine Institute, a nonprofit organization located at 6160 S. Syracuse Way, Greenwood Village, CO 80111, Federal Tax ID # 20-2349108, for the Augustine Institute’s general use and purpose.

3. Residual Bequest

   I hereby give, devise and bequeath to the Augustine Institute, a nonprofit organization located at 6160 S. Syracuse Way, Greenwood Village, CO 80111, Federal Tax ID # 20-2349108, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for the Augustine Institute’s general use and purpose.

4. Contingent Bequest

   If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to the Augustine Institute, a nonprofit organization located at 6160 S. Syracuse Way, Greenwood Village, CO 80111, Federal Tax ID # 20-2349108, DESCRIPTION OF PROPERTY to be used for the Augustine Institute’s general use and purpose.

If, in the judgment of the Board of Directors of the Augustine Institute, it shall become impossible for the Augustine Institute to use this bequest to accomplish the specific purposes of this bequest, the Augustine Institute 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.

Find out more about need-based and merit-based scholarships at the Augustine Institute.

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