Bequests to UIW
Bequests can take a number of forms including a specific dollar amount
or a portion of what remains of an estate after obligations to others
are fulfilled. The estate will receive an estate tax charitable contribution
for the bequest to UIW.
Sample Will Language
You may find it helpful to have sample will language to share with an attorney:
I give, devise, and bequeath to the University of the Incarnate Word, a non-profit
educational corporation, located at 4301 Broadway, San Antonio, Texas, the sum
of $____ (or, ____ percent of my estate, or, ____ percent of the residue of my
estate) to be used for such purposes as the Board of Trustees determines at the
time this bequest becomes effective.
Designating your gift for a specific purpose
Will or trust provisions may be designated for a specific purpose - such as scholarship
funds, faculty development, endowments or support for academic departments and
faculty positions.
If you wish to restrict or designate a use for your gift, please contact
the Institutional Advancement Office to ensure that we understand your wishes.
In the case of a restricted bequest, you may wish to add language that would
give UIW flexibility to use the bequest for some other purpose in the event that
the project or purpose designated by the donor is no longer needed when the funds
become available. Adding the following sentence to the end of the bequest provision
would provide this flexibility.
If, at the time this bequest becomes effective, the funds are not needed
for this purpose, then the Board of Trustees may direct the funds to be used
for a purpose as closely related as possible to the original purpose described
in this provision.
If you have any questions, or would like more information about including UIW
in your will, please contact Diane Echavarria, Director of Major Gifts and Planned
Giving, at (210) 829-6071 or dmechava@uiwtx.edu.
You may also print this document as an Adobe Acrobat PDF.
Gifts of any size are welcome. All are tax-deductible.
