Sample Bequest Language

The following are several sample bequest provisions that may be helpful as you consider making an estate gift through your will or revocable/living trust to the Stout University Foundation, Inc., for the benefit of the University of Wisconsin-Stout and its students, faculty and programs:

General Unrestricted Bequest

“I give, devise and bequeath to the Stout University Foundation, Inc., Menomonie, WI 54751, (percentage of residue, specific amount, or description of specific property), the principal and income of which shall be used for such University purposes as the Foundation’s Board of Directors may determine.”

Specific Program—but unrestricted as to use

“I give, devise and bequeath to the Stout University Foundation, Inc., Menomonie, WI 54751, (percentage of residue, specific amount, or description of specific property), the principal and income of which shall be distributed by the Foundation’s Board of Directors to the (name a specific College, School or program) for use where the need is greatest.”

Restricted—to be used only for specific purposes, e.g., scholarships

“I give, devise and bequeath to the Stout University Foundation, Inc., Menomonie, WI 54751, (percentage of residue, specific amount, or description of specific property), the principal and income of which shall be distributed by the Foundation’s Board of Directors as scholarships to students enrolled in (name of College, School or Program).”

Bequest of Residue—after all other bequests are made

“All (or a portion) of the rest, residue and remainder of my estate, both real and personal, of every kind and description, wherever situated and whether now owned or hereafter acquired, including any power of appointment, I give, devise and bequeath to the Stout University Foundation, Inc., Menomonie, WI 54751, the principal and income of which shall be used for such university purposes as the Foundation’s Board of Directors may determine.”

Establish Endowment Fund – or add to already existing endowment

“I give, devise and bequeath to the Stout University Foundation, Inc., Menomonie, WI 54751, the sum of $ __________________ (or otherwise describe the specific gift) and direct that this bequest establish (or be added to) the _______________________ Endowment Fund.”

A bequest of $25,000 or more is necessary to establish a new endowment fund. If you are intending to establish a new endowment fund a Memorandum of Agreement with the Foundation is recommended.

Note: 
This sample language is provided for informational and educational purposes only.  Always consult with your attorney for professional legal advice in preparing your estate planning documents.  


Contact Information

Stout University Foundation
Louis Smith Tainter House
320 South Broadway Street

Phone: 715/232-1151
Toll free: 866/716-6685
Fax: 715/232-5015
Email: suf@uwstout.edu

Stop in any time from 8:00am to 4:30pm Monday through Friday. 


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