Bequests
Many individuals choose to support UCSF by means of a bequest,
which can be made either by will or by revocable trust. Because
bequests do not take effect until death, you will be able to retain
control and use of your property during your lifetime.
Gifts made through a bequest may be:
- Designated for a particular purpose or left unrestricted;
- Used to establish or add to an existing endowed fund (only
income is used, and principal is held in perpetuity) or a current
fund (both income and principal may be used); or
- Given to honor the donor or memorialize a loved one
An unrestricted bequest to UCSF can be made by including a provision
such as the following in your will or trust (selecting the appropriate
bracketed option):
“I give to the University of California, San Francisco
Foundation, a California nonprofit public benefit corporation,
[the sum of $_____ / the residue of my estate / ___ percent
of the residue of my estate] to be used for such charitable
purposes of the University of California, San Francisco as the
Chancellor shall direct.”
Click
here for an example of a restricted bequest clause.
There are three basic types of bequests:
Specific Devise
By including a specific devise in your will, you can designate
a particular item or dollar amount to UCSF.
Residuary Bequest
A residuary bequest allows you to designate UCSF as the recipient
of all or a portion of the residue of your estate (i.e., whatever
remains after all specific devises have been satisfied and all
debts, taxes and other expenses have been paid). Residuary bequests
can be either large or small, depending on the size of the estate
and other dispositions that have been made. Any significant change
in the value of an estate will likely have a major impact on the
size of the residue.
Contingent Bequest
A contingent bequest enables you to name UCSF as an alternate
beneficiary of all or part of your estate. UCSF would receive
the bequest only if your primary beneficiary or beneficiaries
do not survive you.
To Learn More
Read more about this and other types of gifts in Leaving a
Legacy: A Guide to Gift Planning. Ask for a copy of this
brochure by using the form on the Request
More Information page.
Download the Comparison
Chart of Giving Plans
