Sample Bequest Language
"I give (insert dollar amount, or percentage of estate) to the Arizona State University Foundation, a separate, nonprofit corporation, located in Tempe, Arizona, to be used by it for the benefit of Arizona State University."
"I give (insert specific asset) to the Arizona State University Foundation, a separate, nonprofit corporation, located in Tempe, Arizona, to be used by it for the benefit of Arizona State University."
"I give the rest and residue of the property I own at my death to the Arizona State University Foundation, a separate, nonprofit corporation, located in Tempe, Arizona, to be used by it for the benefit of Arizona State University."
Please note the following:
Regarding Restrictions: If you desire that your bequest be restricted, please add the following language: "I request, but without binding Arizona State University Foundation to a legal obligation, that the sum be used for (insert the intended purpose)."
Regarding Endowments: If you would like your bequest to establish an endowment or contribute to an existing endowment held by Arizona State University Foundation, then consider adding the following language to the bequest: "This gift shall be assigned to a permanent endowment with the Arizona State University Foundation known as The (insert person's name) Endowment Fund, to support (insert the intended purpose). The criteria and requirements for (insert the name of the fund) are contained in a separate signed endowment agreement between Arizona State University Foundation and me."
Regarding Legal Advice: This suggested bequest language is provided to you for your information and your attorney's use; your will should be prepared by a reputable attorney. We urge you to discuss your estate and tax situation with your attorney to ensure that your bequest meets your personal and financial goals.
The Arizona State University Foundation's tax identification number is 86-6051042.
|Office of Estate & Gift Planning||480-965-5338 Phone|
|P.O. Box 2260||480-965-0290 Fax|
|Tempe, AZ 85280-2260||asufoundation.myplannedgift.org|
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.