Bequest (noun)

1. A thing that is handed down by a testamentary disposition.
2. A gift of property or money that is made to someone in a will.

Origin:

Late middle english: from old french bequeste, from latin bequestus, past participle of bequirit "ask for as a favor", later "leave by will".

Examples:

1. The bequest provided funding for the new wing of the museum.
2. He made a bequest in his will to establish a scholarship.
3. The bequest was used to purchase new equipment for the hospital.
4. The bequest was a valuable collection of artworks.
5. The charitable organization received a bequest for the new building.