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| Bequests for Scholarships |
The late Dr. Clemence Chow, a French-trained physician and first generation American, dreamed of helping CSUMB students who could not afford a university education. She also wanted to remember and honor her late husband, Yukon Chow. Clemence provided in her will that CSUMB receive her home in Monterey to establish the Yukon and Clemence T. Chow Scholarship Endowment. This memorial endowment, funded with the proceeds of the sale of Clemence's home, will provide, in perpetuity, scholarships for students that will change their lives.
You will find it easy and convenient to have a bequest included in your will. The language below shows how a bequest can very easily be included in your will.
Please select the "print" button on the top of your screen and print this page, and feel free to give this page to your attorney. If you or your attorney has any questions, please contact Deborah Howitt at 831-582-3346 or by email at dhowitt@csumb.edu.
Example bequest language - Please feel free to change the numbers, percentages or type of property as you desire. If you wish to establish an endowment or have the bequest used for a specific purpose, your attorney should draft the appropriate bequest language that meets your wishes.
1. Bequest of cash
"I give, devise and bequeath the sum of $10,000 to the Foundation of California State University, Monterey Bay located in Seaside, California."
2. Bequest of a percent of the estate
"I give, devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to the Foundation of California State University, Monterey Bay, located in Seaside, California."
3. Bequest of real property (home, vacation home, rental property, bare land, etc.)
"I give, devise and bequeath my home located at [insert street address and assessor's parcel number] to the Foundation of California State University, Monterey Bay, located in Seaside, California. The Foundation may sell or otherwise dispose of my home or may lease my home, all at its option."
3. Contingent Bequest
"If my brother John Doe survives me, I give, devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to John Doe. If John Doe does not survive me, then I give, devise and bequeath 20% of my residuary estate, whether real or personal property and wherever located to the Foundation of California State University, Monterey Bay, located in Seaside, California."
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