Sample Bequest Language to Create an Endowment

I hereby give, devise, and bequeath $______________ (or________ percent of my residual estate) in cash, securities, or other property to the University of Wisconsin-La Crosse Foundation Inc., hereinafter known as the Foundation.

This gift shall be used to create the _____[NAME OF ENDOWMENT]___as a permanent endowment for the benefit of the _____[COLLEGE, PROGRAM]__. Funds distributed from the endowment shall be used to provide __[PURPOSE]__.

These endowment funds may be merged or commingled with other funds held by the University of Wisconsin-La Crosse Foundation for investment purposes. Funds distributed from the endowment in a year may be retained and expended for the purposes of the endowment in subsequent years, and a portion may be designated, at the discretion of the Foundation, as a permanent addition to the principal of the endowment.

All future additions to the endowment, made by myself or others, shall be subject to the provisions of this donation instrument and shall be considered permanent endowment funds. If in the opinion of the Foundation, future circumstances change so that the purposes for which the endowment is established become illegal or impracticable, the Foundation may designate an alternative use for the endowment payout to further an objective closest to, the spirit of my original purpose.