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Bequest Language

Bequest of a Specific Dollar Amount

I, [donor's name], give, devise and bequeath to the Foundation for the LSU Health Sciences Center, Tax Identification Number 72-1115391, the sum of ______________ dollars ($____________) to establish the [insert name of fund], as an [endowed/non-endowed] fund, the income of which shall be used for the following purpose [if non-endowed, the principal and income of which shall be used for the following purpose]: [Insert exact purpose here: e.g., general support, scholarships, fellowships, research].

In making this gift, it is my intention to serve the LSU School of [Medicine, Dentistry, Nursing, Allied Health Professions, Public Health, Graduate Studies] New Orleans campus of the LSU Health Sciences Center and its students and faculty; therefore, I desire that the foregoing statement of purpose be liberally construed so that this objective may be fully accomplished. If, at any time in the judgment of the dean of the school, changed circumstances substantially interfere with the beneficial realization of such purposes, then the funds may be used for such other similar purposes as the dean in his discretion determines to be consistent with my interest and intentions.

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Bequest of Specific Property

I, [donor's name], give, devise and bequeath to the Foundation for the LSU Health Sciences Center, Tax Identification Number 72-1115391, the following described property: __________________________________________ to establish the [insert name of fund], as an [endowed/non-endowed] fund, the income of which shall be used for the following purpose [if non-endowed, the principal and income of which shall be used for the following purpose]: [Insert exact purpose here: e.g., general support, scholarships, fellowships, research].

In making this gift, it is my intention to serve the LSU School of [Medicine, Dentistry, Nursing, Allied Health Professions, Public Health, Graduate Studies] New Orleans campus of the LSU Health Sciences Center and its students and faculty; therefore, I desire that the foregoing statement of purpose be liberally construed so that this objective may be fully accomplished. If, at any time in the judgment of the dean of the school, changed circumstances substantially interfere with the beneficial realization of such purposes, then the funds may be used for such other similar purposes as the dean in his discretion determines to be consistent with my interest and intentions.

Bequest of Residual Portion of Estate

I, [donor's name], give, devise and bequeath to the Foundation for the LSU Health Sciences Center, Tax Identification Number 72-1115391, ___ percent (___%) of the rest, residue and remainder of my estate to establish the [insert name of fund], as an [endowed/non-endowed] fund, the income of which shall be used for the following purpose [if non-endowed, the principal and income of which shall be used for the following purpose]: [Insert exact purpose here: e.g., general support, scholarships, fellowships, research].

In making this gift, it is my intention to serve the LSU School of [Medicine, Dentistry, Nursing, Allied Health Professions, Public Health, Graduate Studies] New Orleans campus of the Louisiana State University and its students and faculty; therefore, I desire that the foregoing statement of purpose be liberally construed so that this objective may be fully accomplished. If, at any time in the judgment of the dean of the school, changed circumstances substantially interfere with the beneficial realization of such purposes, then the funds may be used for such other similar purposes as the dean in his discretion determines to be consistent with my interest and intentions.

These materials are for illustrative purposes only and are not intended to provide tax or legal advice. For assistance in specific cases, please contact your attorney or tax advisor. For additional information on planned gifts to the LSU Health Sciences Center, please contact us.

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The Foundation for the LSU Health Sciences Center
2000 Tulane Avenue, 4th Floor - New Orleans, LA 70112
504-568-3712 (phone) - 504-568-3460 (fax)
foundation@lsuhsc.edu
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