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GetBequest Language
There is certain language used in a will or trust that ensures that your gift to Utah State University will be given as you intend. Additionally, there are several ways to word such a gift.
Unrestricted Gifts: A gift that can be used where the need is greatest.
I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT the sum of $______ for its general purposes. (You may also leave a percentage or a description of property instead of a sum certain)
Gift for a specific purpose: A gift that is to be used for a purpose that you specify.
I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT the sum of $______ to be used for (state purpose).
A Gift to Endowment: A gift that lasts in perpetuity.
I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT the sum of $______ to be used as a permanent endowment, the income only from which shall be used for its general purposes or (state purpose, "The John Smith Endowed Scholarship in Biology", e.g. ). It is useful to have a statement of agreement on file with Utah State University to further describe the purpose of the endowment.
Residuary Bequest: Leaves any remainder after all other bequest have been paid.
All the rest, residue, and remainder of my estate, both real and personal, I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT for its general purposes.
Contingency Gift: Takes effect only if a primary intention cannot be met.
If (name of beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT all of the rest, residue, and remainder of my estate, to be used for its benefit.
Safety Language: Language that can be added whenever a gift is restricted.
In the event the purposes of the restriction, in the opinion of the Board of Trustees of Utah State University can no longer be served, the Board may devote any remaining assets exclusively for charitable purposes that: (a) are within the scope of the charitable purposed of charity (b) most nearly approximate the original purpose of the gift; and (c) benefits charity.
Note: Please consult your attorney for advice with regard to making charitable bequests and for professional assistance in the preparation of your Will or Living Trust documents.
Unrestricted Gifts: A gift that can be used where the need is greatest.
I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT the sum of $______ for its general purposes. (You may also leave a percentage or a description of property instead of a sum certain)
Gift for a specific purpose: A gift that is to be used for a purpose that you specify.
I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT the sum of $______ to be used for (state purpose).
A Gift to Endowment: A gift that lasts in perpetuity.
I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT the sum of $______ to be used as a permanent endowment, the income only from which shall be used for its general purposes or (state purpose, "The John Smith Endowed Scholarship in Biology", e.g. ). It is useful to have a statement of agreement on file with Utah State University to further describe the purpose of the endowment.
Residuary Bequest: Leaves any remainder after all other bequest have been paid.
All the rest, residue, and remainder of my estate, both real and personal, I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT for its general purposes.
Contingency Gift: Takes effect only if a primary intention cannot be met.
If (name of beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to Utah State University, a non-profit 501(c)(3) Corporation, headquartered in Logan, UT all of the rest, residue, and remainder of my estate, to be used for its benefit.
Safety Language: Language that can be added whenever a gift is restricted.
In the event the purposes of the restriction, in the opinion of the Board of Trustees of Utah State University can no longer be served, the Board may devote any remaining assets exclusively for charitable purposes that: (a) are within the scope of the charitable purposed of charity (b) most nearly approximate the original purpose of the gift; and (c) benefits charity.
Note: Please consult your attorney for advice with regard to making charitable bequests and for professional assistance in the preparation of your Will or Living Trust documents.