Suggested Language for Bequest Gifts
Suggested Language for Bequest Gifts to the WT Foundation:
General Bequest
I give and devise to the West Texas A&M University Foundation, Inc. (WTAMU Foundation, Inc.), Federal Tax ID Number: 75-6036665, of Canyon, Texas the sum of $__________, for the purpose of ________________.
Bequest of Specific Dollar Amount to Specific Fund
I give and devise to the West Texas A&M University Foundation, Inc. (WTAMU Foundation, Inc.), Federal Tax ID Number: 75-6036665, of Canyon, Texas the sum of $__________, for the (Endowed Fund or to establish the ________________________Endowed Fund.) The Fund income, but not the principal, should be used for __________________ (fund purpose) at West Texas A&M University. If, in the judgment of its Board of Directors, change of circumstances should at some future time render the designated use of this Fund no longer appropriate, then the Board should use the Fund's income to further the objectives and purposes of WEST TEXAS A&M UNIVERSITY FOUNDATION, INC.
Bequest of Percentage of Estate to Specific Fund
I give and devise to the West Texas A&M University Foundation, Inc. (WTAMU Foundation, Inc.), Federal Tax ID Number: 75-6036665, of Canyon, Texas a ____ percentage of my estate to the ________________ Endowed Fund or to establish the ________________________Endowed Fund. The Fund income, but not the principal, should be used for __________________ (fund purpose) at West Texas A&M University. If, in the judgment of its Board of Directors, change of circumstances should at some future time render the designated use of this Fund no longer appropriate, then the Board should use the Fund's income to further the objectives and purposes of WEST TEXAS A&M UNIVERSITY FOUNDATION, INC.
Bequest of Real Property for Specific Fund
I give and devise to the West Texas A&M University Foundation, Inc. (WTAMU Foundation, Inc.), Federal Tax ID Number: 75-6036665, of Canyon, Texas the following described property _____________________________________________________________________________________ to the _____________________ Endowed Fund or to establish the ______________________________ endowed fund. The Fund income, but not the principal, should be used for __________________ (fund purpose) at West Texas A&M University. If, in the judgment of its Board of Directors, change of circumstances should at some future time render the designated use of this Fund no longer appropriate, then the Board should use the Fund's income to further the objectives and purposes of WEST TEXAS A&M UNIVERSITY FOUNDATION, INC.
This information is not legal or financial advice. Please seek advice from your professional advisors.