Ways to Name Virginia Seminary as a Beneficiary
- Making unrestricted outright bequest. In making such a gift, you may designate either a specific dollar amount or a percentage of your estate to Virginia Seminary.
- Naming the Seminary as a remainder beneficiary. In this case, the Seminary will only receive funds after specific sums have been paid to other designated beneficiaries.
- Making a contingent bequest which will provide for the distribution of assets to Virginia Seminary only if one or more of your named beneficiaries does not survive you.
Suggested Language for Including a Bequest to Virginia Seminary in Your Will
For an Unrestricted Bequest:
I give and bequeath to the Protestant Episcopal Theological Seminary in Virginia ($__________) or (__________% of the residue of my estate) to be added to the General Endowment Fund of the Seminary.
For a Specified Bequest:
I give and bequeath to the Protestant Episcopal Theological Seminary in Virginia ($____________) or (____________% of the residue of my estate), the income to be used only for the following purpose: (state purpose). If, in the future, it is in the opinion of the Dean and President, with the concurrence of the Board of Trustees, that all or part of the income of this fund cannot be usefully applied to such purpose, the Seminary may use the same for any purpose that will most nearly accomplish my wishes.
For a Contingent Bequest:
In the event that any of the beneficiaries named herein (in my will) predeceases me (or predeceases me leaving no heirs), I leave the rest and residue of my estate to the Protestant Episcopal Theological Seminary in Virginia, to be added to the General Endowment Fund of the Seminary.
Individuals who inform us that they have made a provision for Virginia Theological Seminary in their will or trust are recognized in The Annual Report for each fiscal year and honored as Members of the Seminary's Francis Scott Key Society.
We would be pleased to discuss any of these opportunities with you and your counsel. For additional information, please contact Vice President for Institutional Advancement Linda L. Dienno at 703-461-1717, or by email at email@example.com