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Formulation for a residuary bequest
"All (or ___%) of the rest, residue and remainder of my estate which I may own or be entitled to at the time of my death, I give, devise and bequeath to the Master and Scholars of the College of St Peter le Bailey in the University of Oxford exclusively for its charitable and educational purposes."
Formulation for an outright bequest
"I give and bequeath to the Master and Scholars of the College of St Peter le Bailey in the University of Oxford the sum of ___ dollars exclusively for its charitable and educational purposes."
Formulation for a bequest of property
Some forms of property have uses that may make them valuable to St Peter’s in their present form. Others may be of greater value to St Peter’s if it sells them and uses the proceeds for endowment. Suggested language for a bequest of property is as follows:
"I hereby give my (full description of item and location) to the Master and Scholars of the College of St Peter le Bailey in the University of Oxford exclusively for charitable and educational purposes. If, after diligent evaluation of the property, it appears to the Master and Scholars to be impractical to maintain the property for educational purposes, I authorize the sale or disposition of the property at their sole discretion.”
Further information about tax issues
If you or your advisors wish to discuss any issues relating to tax in relation to a bequest to St Peter’s, please contact the University of Oxford's office in New York, who should be able to provide answers to any specific queries.
Please send enquiries to: Americans for Oxford, Inc., 500 Fifth Avenue, 32nd Floor, New York, NY 10110. Tel: (212) 377 4900. Fax: (212) 889 4052. Email: email@example.com.
Oxford Planned Giving is a consortium of around thirty colleges and the University, which has been created to help alumni in the USA meet their personal needs and maximize the impact of their gifts to Oxford.