St. Peter's Institute for Catholic Formation
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Planning a Bequest to the Seminary 

Below are some common examples of bequests with sample language to incorporate into a will.

A. General Bequest
The Seminary Foundation would receive a specific amount of an asset, usually a sum of money.

Sample language: “I give to the St. Peter’s Seminary Foundation the sum of $5,000 to be used for the general purposes of St. Peter’s Seminary at the discretion of the directors.”

B. Specific Bequest
 
The Seminary Foundation would receive a specific piece of property, such as stock in a company, real estate or the proceeds of an insurance policy/RRIF/RRSP.
 
Sample language: “I give to the St. Peter’s Seminary Foundation 500 shares of XYZ stock (or the property located at 123 Main St., in Anytown, in Any Country) to be used….”

C. Residual Bequest
 
The Seminary Foundation would receive all or a percentage of the remainder of a donor’s estate.
 
Sample language: “I give to the St. Peter’s Seminary Foundation 10% of the rest, residue and remainder of my estate to be used….”

D. Contingent Bequest
 
The Seminary Foundation would receive all or a share of a donor’s estate only in the event of the prior death of certain other benefactors.
 
Sample language: “In the event that my wife/husband/brother/sister etc. does not survive me, I give the St. Peter’s Seminary Foundation [gift specified] to be used….”

E. Restricted Bequest
The Seminary Foundation receives a donation from an estate that is designated to a particular purpose, such as bursary support for seminarians, or specified capital or program needs for example. In such a case it would be very helpful to have an advance discussion with staff of the Foundation to assure alignment of your intentions with the needs of the Seminary.
 
Sample language: “…[specified gift] to be endowed by the Foundation for the future maintenance of the Chapel of St. Thomas Aquinas (or to be spent to offset the tuition of Seminarians from the diocese of London) and should the need no longer continue, is to be used to support the general purposes of the Seminary at the discretion of the directors.”
 
In the case of any bequest, we encourage you to obtain independent advice, and to discuss this matter with family members or persons in your close circle of friends and acquaintances, who may need to be aware of your intentions.
 
For further information or to discuss a bequest for St. Peter’s Seminary, contact the Foundation Executive Director David Howie at 519.432.1824 ext. 240 or dhowie@uwo.ca.

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