One of the easiest ways to establish your philanthropic legacy is to create a scholarship, fellowship, endowed professorship, or other endowed fund through a will bequest.
Sample bequest language
(To be used for special endowed funds)
I give, devise and bequeath (insert dollar amount or percent of estate) to the Florida State University Foundation, Inc., a not-for-profit corporation organized and existing under the laws of the State of Florida and having an office at Tallahassee, Florida or its successor organization. Said Foundation is the legal entity designated by the Florida State University to receive, on its behalf, charitable gifts for the support of its academic mission. It is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (ID#59-6152180) and contributions to it are deductible under the provisions of federal income, gift and estate tax laws.
The Florida State University Foundation, Inc. is instructed to apply for and to take maximum advantage of all State of Florida matching fund programs in existence at my death for which this gift may qualify, including programs not in effect at the time of execution of this last Will and Testament. I recognize that the Florida State University Foundation, Inc. cannot warrant State of Florida matching funds in future years.
This bequest and any associated matching funds are designated for the creation of the (Insert Donor’s Chosen Name) Endowed Fund. The annual endowment payout shall be used to establish the (Named Chair, Professorship, Scholarship) and shall be administered in accordance with the Gift Agreement on file with the Office of the Dean of _______________________ and the Office of Planned Giving, Florida State University Foundation, Inc.
Note: This language can be modified for a living trust distribution.
Revised May 2006