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Sample Bequest Language

Below is information and sample launguage to review as you consider how to include Luther Seminary in your estate. For your convenience, we have included the tax identification information for Luther Seminary and the Luther Seminary Foundation. Note that gifts for the Seminary's endowment are typically directed to the Luther Seminary Foundation.

Luther Seminary
2481 Como Ave.
St. Paul, MN 55108
IRS ID Number: 41-1425961

Luther Seminary Foundation
2481 Como Ave.
St. Paul, MN 55108
IRS ID Number: 41-1746301
  1. Unrestricted General Bequest
    • Specified Dollar Amount: I give, devise, and bequeath to Luther Seminary, 2481 Como Avenue West, St. Paul, Minnesota, 55108, the sum of ten thousand dollars ($10,000.00) for its general purposes.
    • Specified Percentage: I give, devise, and bequeath to Luther Seminary, 2481 Como Avenue West, St. Paul, Minnesota 55108, an amount equal to ten percent (10%) of my "net estate," as finally determined for federal estate tax purposes, for its general purposes.

      "Net estate" shall mean my gross estate as finally determined for federal estate tax purposes, reduced by my deductible debts and deductible expenses of administering my estate, including nonprobate assets.

  2. Unrestricted Specific Bequest: I give, devise, and bequeath the following described property to Luther Seminary, 2481 Como Avenue West, St. Paul, Minnesota, 55108: my art collection, including all paintings and sculptures, whether originals or copies, for its general purposes.

  3. Unrestricted Residuary Bequest: I give, devise, and bequeath to Luther Seminary, 2481 Como Avenue West, St. Paul, Minnesota, 55108, the residue of my estate, after satisfaction of all specific bequests and the payment of all of my proper debts, taxes, costs related to my last illness, funeral and interment, and the expenses of administering my probate and all nonprobate assets passing by reason of my death, for its general purposes.



Copyright © Luther Seminary, All rights reserved.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.



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