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SAMPLE BEQUEST LANGUAGE
Use this language as a guide when writing your bequest

 

Unrestricted Gifts

“I give, devise and bequeath __________ percent (___%) of my residuary estate [or, the sum of __________ Dollars ($_____) to The Educational Foundation, Inc. (the “Foundation”), located in Chapel Hill, North Carolina, to be used for the unrestricted needs of the Foundation. 

Sports Endowment Funds

“I give, devise and bequeath __________ percent (___%) of my residuary estate [or, the sum of __________ Dollars ($_____)] to The Educational Foundation, Inc. (the “Foundation”), located in Chapel Hill, North Carolina, to be designated for the ___________________ Operating Endowment Fund.  The Foundation shall treat this bequest as part of its endowment, and the income paid out of the Fund shall be used to provide support for the operational needs of the ________ Team at the University of North Carolina at Chapel Hill.”

Scholarship Funds

“I give, devise and bequeath __________ percent (___%) of my residuary estate [or, the sum of __________ Dollars ($_____)] to The Educational Foundation, Inc. (the “Foundation”), located in Chapel Hill, North Carolina, to be designated for The Scholarship Endowment Trust.  The income paid out of this fund shall be used to provide scholarship assistance to student-athletes enrolled at The University of North Carolina at Chapel Hill.”

Restrictions

If you wish to restrict the use of the funds, we encourage you to contact the Office of Gift Planning or the Educational Foundation for assistance, and we request that you include the following paragraph.

“If, in the opinion of the Board of Directors of the Foundation, all or part of the gift cannot appropriately be used in the manner herein described, the Board may use the gift for other purposes as nearly aligned to my original intent as the Board deems appropriate under the circumstances.”