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| Bequests for Scholarships |
Joe and Anna have been faithful supporters of The University of Texas at Tyler. Both of them have visited the campus several times and have fond memories of those visits. They believe it is important to support and encourage young people.
Joe: Several years ago, Anna and I decided to visit The University of Texas at Tyler. We liked the campus and believe that the teachers are truly helping many students. We think that it is important for students to have a good education today. For that reason, Anna and I have made gifts over the years to help students.
Anna: We wanted to do more than to just make gifts. Joe and I have been careful over the years and have accumulated some resources. We plan to be generous with family, but we also have the ability to be generous with charity.
After talking it over, we decided to leave a bequest in our will. Our attorney took the simple language available from The University of Texas at Tyler and included a nice bequest. We are delighted that we will be helping future students at The University of Texas at Tyler.
You also may want to make it easy and convenient to have a bequest included in your will. The language below shows how a bequest can very easily be included in your will.
You might find it helpful to select the "print" button on the top of your screen and print this page. You may feel free to give this page to your attorney. If he or she has any questions, please have him or her contact Larry Wickham, CFRE at phone number 903-566-7112 or email us at lwickham@uttyler.edu.
Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since the charitable purpose of your bequest may be different from this person, you may want to contact us to discuss a bequest.
I give, devise and bequeath __________________________ to the Board of Regents of The University of Texas System for the use and benefit of The University of Texas at Tyler.
Option A - Gift for General Use
This gift shall be used in support of (state purpose). These funds shall never become a part of the Permanent University Fund, the Available University Fund, or the General Fund of the State of Texas and shall never be subject to appropriation by the legislature of the State of Texas.
Option B - Gift to Create an Endowment:
This gift shall be used to create the (name of endowment **) as a permanent endowment for The University of Texas at Tyler. Funds distributed from the endowment shall be used to (state purpose).
Such funds shall never become a part of the Permanent University Fund, the Available University Fund, or the General Fund of the State of Texas, and shall never be subject to appropriation by the legislature of the State of Texas. These endowment funds may be merged or commingled with other funds held by the Board of Regents of the University of Texas System for investment purposes. A portion of the funds distributed from the endowment may be designated by the Board of Regents or the University of Texas at Tyler administration as a permanent addition to the principal of the endowment.
If, in the opinion of the Board of Regents of The University of Texas System, future circumstances change so that the purpose for which this endowment is established becomes illegal, impractical, or no longer able to be carried out to meet the needs of The University of Texas at Tyler, said Board may designate an alternative use for the endowment payout to further the objective of said university, in the spirit of the original purpose of the endowment.
* Possible "Sample" Inserts
1. A fixed dollar amount or specific assets and estimated value of gift.
2. All the rest and residue or a percentage of an estate (i.e., 10%, 25%)
3. A percentage or parcel of land or real estate (Please give as specific a description of the property as possible.)
4. Other tangible asset (i.e., a collection of art, private library, etc.)
** Endowments may be set up naming the donor or an honoree with or without the purpose included in the name. Examples are:
1. Mr. and Mrs. John Doe Endowed Scholarship
2. John and Jane Doe Endowed Nursing Scholarship
These examples are intended only to show various ways that endowments are titled. They are not to be interpreted as the only language accepted. For more information or clarification, or for information on the minimum funding requirements for certain endowments, please contact the Office of Gift Planning at (903) 566-7112.
You may print a Bequest tri-fold brochure. Voice of a Legacy or Will Your Will be Known.
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