Foundation of the State University of New York at Binghamton, Inc.
Sample Bequest Language
The following is provided to assist you when including a bequest in your Will to support the mission and purpose of Binghamton University.
First, use words of gift and name the beneficiary:
"I give and bequeath to the Foundation of the State University of New York at Binghamton, Inc., Binghamton, New York...
Then, specify an amount:
1. A specific bequest
...the sum of $ (or description of property)
A residuary bequest
. . . all the rest, residue, and remainder of my estate
A percentage bequest of residuary estate
. . . % of my residuary estate
Finally, designate a purpose:
1. Unrestricted gift (area of greatest need)
. . . to be used by its Board of Directors as, in their judgment, will be of greatest benefit to the University."
A designated gift
... for the specific purpose of (describe purpose, such as scholarships, faculty development, professorship, etc.*)."
A perpetual endowment fund for scholarships, lectureships, or other specific programs*
. . . to be known as the Endowment (Memorial) Fund. The fund will be invested by the Board of Directors as it deems advisable, in accordance with the investment policy in effect from time to time, to be used in such manner as the board determines (or for a specific purpose, scholarship, etc.)"
An endowed chair or professorship*
. . . the sum of $ to endow a chair in the (school/college name) and department of to be known as the (name) chair in (field of study) . The fund may be invested by its Board of Directors as it deems advisable, in accordance with the investment policy in effect from time to time."
*Please contact the Foundation for assistance and additional information regarding minimum requirements to fund scholarships, chairs and other specific bequests and endowments.
Alumni and friends who designate a bequest by will or establish a planned gift to support Binghamton University qualify for membership in The Esther W. Couper Heritage Society, a special recognition organization to honor donors during their lifetimes.
For confidential assistance contact: Binghamton University Foundation Office of Gift Planning at phone: (607) 777-3844 or e-mail: email@example.com. You are encouraged to consult with legal and tax advisors when considering a gift to Binghamton University.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.