Sample Bequest Language
If you are planning a charitable bequest or trust designation, please contact the Minnesota Medical Foundation as early as possible in the process. Our staff is available to provide information on giving vehicles, to suggest wording, and to describe developments in health-related research and education to help guide your gift designation.
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. Please contact one of the members of our gift planning team for additional information.
General
Unrestricted Residual Bequest
I give the Minnesota Medical Foundation, 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_________ % of the residue of my estate) or (the sum of $__________), to be used by the University of Minnesota Medical School and School of Public Health, wherever the needs and opportunities are greatest.
Unrestricted Contingent Bequest
In the event that __________ predeceases me, I give the Minnesota Medical Foundation, 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_________ % of the residue of my estate) or (the sum of $__________), to be used by the University of Minnesota Medical School and School of Public Health wherever the needs and opportunities are greatest.
Unrestricted Named Endowment
I give the Minnesota Medical Foundation, 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Fund, to be used by the University of Minnesota Medical School and School of Public Health 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, Federal ID 41-6027707, (_________ % of the residue of my estate) or (the sum of $__________) for medical student scholarships.
Designated Bequest for Scholarships
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_________ % of the residue of my estate) or (the sum of $__________) for scholarships to give preference to those students that demonstrate financial need and are planning to practice medicine in rural communities.
Specific Bequest to Establish a Named Permanently Endowed Scholarship Fund
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Scholarship Fund.
- or -
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Scholarship Fund, as outlined in an endowment description previously agreed to by the Minnesota Medical Foundation and me.
- or -
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Scholarship Fund. This fund will be set up to give preference to those students that demonstrate financial need and are planning to practice medicine in rural communities.
Research
Unrestricted Bequest for Research
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) 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, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to the [Academic Department] for research efforts in the area of [Research Activity].
Example: I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to the Department of Pediatrics for research efforts in the area of pediatric oncology.
Specific Bequest to Establish a Named Permanent Endowment Fund
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Cancer Research Fund.
- or -
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Cancer Research Fund, as outlined in an endowment description previously agreed to by the Minnesota Medical Foundation and me.
- or -
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Cancer Research Fund. This fund will be set up to conduct research at the University of Minnesota Cancer Center in the area of pediatric leukemia.
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, Federal ID 41-6027707, (_________% of the residue of my estate) or (the sum of $__________), for the benefit of the [Academic Department or Program].
Designated 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, Federal ID 41-6027707, (_________% of the residue of my estate) or (the sum of $__________), for the benefit of the [Academic Department or Program] for [Specific Activity].
Specific Bequest to Establish a Named Permanent Endowment Fund
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Fund to benefit the [Academic Department or Program].
- or -
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Fund, as outlined in an endowment description previously agreed to by the Minnesota Medical Foundation and me.
- or -
I give the Minnesota Medical Foundation, currently located at 200 Oak Street SE, Suite 300, Minneapolis, Minnesota 55455, Federal ID 41-6027707, (_______% of the residual) or (the sum of $__________), to establish the John and Jane Doe Permanently Endowed Fund. This fund will be set up to conduct research at the [Academic Department or Program] in the area of [Specific Activity].