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For an unrestricted bequest for general purposes:
“I hereby give, devise, and bequeath to Syracuse University {or alternatively to Syracuse University for the College or unit of…}, an educational corporation in Syracuse, New York, for its general purposes {…dollars} {…percent} {all the rest, residue, and remainder of my estate}.
A bequest for endowment:
“I hereby give, devise, and bequeath to Syracuse University, an educational corporation in Syracuse, New York, {…dollars} {…percent} {all the rest, residue, and remainder of my estate} to establish an endowment fund to be known as the {…Endowed Fund}, the income from which shall be for the unrestricted use of Syracuse University {or alternatively to Syracuse University for the College or unit of…}.
* Please check with the Office of Gift Planning or a development officer regarding the current minimums for establishing endowed funds.
A restricted bequest for scholarship:
“I hereby give, devise, and bequeath to Syracuse University, an educational corporation in Syracuse, New York, {…dollars} {…percent} {all the rest, residue, and remainder of my estate} to establish the {…Endowed Scholarship Fund}, the income from which shall be used for financial aid to students enrolled in Syracuse University {or alternatively to Syracuse University for the College or unit of…}. The income of this fund may be used each year, or if not, may be used in a subsequent year or added to the principal of the fund.
* Please check with the Office of Gift Planning or a development officer regarding the current minimums for establishing an endowed scholarship.
If a specific use is stated, the addition of the following language will make certain that the bequest always remains productive:
In the event that the Board of Trustees of the University determines that carrying out the purposes established by this Agreement is impossible for any reason, the Board of Trustees of the University may change the purposes of this Endowment Agreement in such a manner as to carry them out as closely as possible in conformity with the Donor’s original intention as set forth in this Agreement.
FOR MORE INFORMATION
If you are considering a bequest or revocable trust benefiting us, email us, complete the personal illustration form, or call us at 315-443-3033 so that we can assist you through every step of the process.
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