Sample Bequest Language
The following are examples of bequest statements that may be used as models by you and your attorney in preparing your bequest or trust designation. We welcome the opportunity to work with you and your advisers to develop language tailored to your specific needs. Such collaboration ensures that the correct legal language is used and that your wishes are accurately understood.
General
Unrestricted residual bequest
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, with federal tax ID 41-6027707, (_________ % of the residue of my estate) or (the sum of $__________), to be used by the University of Minnesota Medical School wherever the needs and opportunities are greatest.
Scholarships
Unrestricted bequest for scholarships
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, with federal tax ID 41-6027707, (_________ % of the residue of my estate) or (the sum of $__________) for medical student scholarships.
Research
Unrestricted bequest for research
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, with federal tax ID 41-6027707, (_______% of the residue) or (the sum of $__________), to the Minnesota Medical Foundation General Research Fund.
Designated bequest for research
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, with federal tax ID 41-6027707, (_______% of the residue) or (the sum of $__________), to the [Academic Department] for research efforts in the area of [Research Activity].
Specific department or program
Unrestricted bequest, designated for a particular department or Program
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, with federal tax ID 41-6027707, (_________% of the residue of my estate) or (the sum of $__________), for the benefit of the [Academic Department or Program].
Bequests and named endowments
With a bequest to MMF, a named endowment may be established to support scholarships, research, or a department or program. Please contact Gift Planning at 800-922-1663, 612-625-1440 or giftplanning@mmf.umn.edu for more information.
This sample language is provided for educational purposes only and is not intended as legal advice. Please consult with your own attorney about your particular charitable gift plans.
