Chapman University's Bequest Language
Drafting or Updating Your Estate Plans
A gift through your estate plans will continue Chapman University's tradition of personalized education for generations to come.
- A thoughtful plan can support Chapman and your loved ones
- A legacy gift doesn't cost you anything now
- Estate plans can be modified as your priorities evolve
- Your legacy gift can be personally meaningful and deeply impactful
- You will create a legacy of philanthropic leadership and inspire others
Legal Information and Legacy Language
The information below is to assist you in providing for Chapman in your charitable gift and/or estate plans in consultation with your attorney, accountant, and/or other advisors.
Chapman's Legal Name and Description
Chapman University, a California non-profit public benefit corporation in
Orange, California.
Confirmation of Chapman's Tax-Exempt Status
Chapman's federal tax I.D. number is 95-1643992.
Designating Your Gift
Your legacy gift may be unrestricted or you may choose to support a
specific area, such as immediate needs, scholarships, research and more. If
you need help finding the purpose that best represents your passion at
Chapman, we would be honored to assist you.
Suggested Language for Including Chapman in Your Will or Living Trust
"I hereby give to Chapman University, a California non-profit public benefit corporation in Orange, California:
-
A specific bequest is for a specific amount, piece of
real or personal property, such as a home or a collection or a
percentage of your estate. Such bequests may read as follows, after the
language above:
- The sum of $___________ [specific amount] AND/OR
- The following described property: ___________ [description] AND/OR
- ___________% [percent] of my estate.
- A residual bequest designates whatever remains of your estate after all debts, taxes, expenses and all other bequests to your beneficiaries have been fulfilled. It may read as follows: ___________% [percent] of the residue of my estate.
-
An unrestricted bequest is one intended for the best
use by the university at the discretion of the Board. Such a bequest
might include the following language: This gift shall be used for Chapman University's general use and purpose.
- Alternatively, if you prefer to support the long-term financial health of the university, your gift can be designated to our permanent endowment with the following language: "This gift shall be added to the permanent endowment of the university."
-
A restricted bequest permits you to direct your gift
towards a specific purpose. Such a bequest might read as follows:
This gift is designated to the __________________ [specify school,
college, program, etc.] to be used for __________________ [examples
include: scholarships, research, education and equipment.]
- An endowment (permanent fund) is an effective way to create a lasting
legacy. If your estate gift is likely to be in excess of $50,000, you may
wish to create a named endowed fund by including the following language:
"The property comprising this gift may, for investment purposes, be
merged with any of the university's investment assets. However, the
gift shall be entered in the university's books and records as the
[Endowment Name]. The Board of Trustees shall use the endowment payout
from the [Endowment Name] to support the objectives and purposes of
Chapman University."
- Example of Name: Pete and Patricia Panther Endowed Scholarship
- An endowment (permanent fund) is an effective way to create a lasting
legacy. If your estate gift is likely to be in excess of $50,000, you may
wish to create a named endowed fund by including the following language:
"The property comprising this gift may, for investment purposes, be
merged with any of the university's investment assets. However, the
gift shall be entered in the university's books and records as the
[Endowment Name]. The Board of Trustees shall use the endowment payout
from the [Endowment Name] to support the objectives and purposes of
Chapman University."
Important notation: A named endowed scholarship can create a meaningful legacy of providing opportunities for future generations. While we recommend keeping the scholarship available to as many students as possible, you can determine criteria used for selecting the recipients. Federal law, NCAA rules and fiscal policy may limit some criteria, so please contact us to craft appropriate criteria.
Contact Us
If you have any questions or wish to discuss your gift or recognition options, please contact us. Thank you for considering a gift to support Chapman University in your estate plans.
If you are considering a legacy gift, you should consult your own legal and tax advisors. We are glad to provide you and your advisors with detailed information.
