Philanthropy Mississippi State University

 

Sample Language for a Bequest to
Mississippi State University

Outright bequest, unrestricted as to purpose:
"I give, devise, and bequeath to the MISSISSIPPI STATE UNIVERSITY FOUNDATION, INC., a not-for-profit Mississippi Corporation, (% of estate or $ amount)."

Outright bequest to establish endowment fund with income to be restricted:
"I give, devise, and bequeath to the MISSISSIPPI STATE UNIVERSITY FOUNDATION, INC., a not-for-profit Mississippi Corporation, (% of estate or $ amount), to constitute the (name of endowment) Fund."

This fund shall be added to the Foundation's endowment to be held in perpetuity with the spendable income therefrom to be utilized for (description of restricted purpose specified by testator-i.e. scholarships; to benefit a specific school, college, or University department; faculty award, etc.).

Bequest of residuary estate:
"All the rest, residue, and remainder of my estate, both real and personal property of whatever kind and wheresoever situated, which I may own at the time of my death, I give, devise, and bequeath to the MISSISSIPPI STATE UNIVERSITY FOUNDATION, INC., a not-for-profit Mississippi Corporation, for unrestricted use (or for other purpose specified by the testator)."

Contingent bequest:
"I give, devise, and bequeath to (named beneficiary) (% of estate or $ amount), but if he (she) shall not be living at the time of my death, then I give, devise, and bequeath such property to the MISSISSIPPI STATE UNIVERSITY FOUNDATION, INC., a not-for-profit Mississippi Corporation, for unrestricted use (or for other purpose specified by the testator)."

Codicil to Last Will and Testament:
"I hereby amend my last Will and Testament, executed on the ____ day of ___________, in the year ____. I direct that all provisions of the Will remain in effect, but in addition I give, devise, and bequeath _________________ to the MISSISSIPPI STATE UNIVERSITY FOUNDATION, INC., a not-for-profit Mississippi Corporation, for unrestricted use (or for other purpose specified by the testator)."

Note:
By furnishing these paragraphs, neither Mississippi State University no the Mississippi State University Foundation intend to give legal advise. We strongly encourage those interested in drafting a will to seek competent legal counsel experienced in will draftmanship.


 

---------- Mississippi State ----------

Mississippi State | Search Our Web | This Issue | Philanthropy

This World Wide Web version of Alumnus was marked up by Chris Brown <brownc@ur.msstate.edu>
For information about Mississippi State University, contact msuinfo@ur.msstate.edu.

Last modified: .
URL: http://