It seemed like Dr. Svendsen’s work with stem cells held out hope for treating and perhaps one day curing or possible preventing Parkinson’s disease, ALS and similar neural diseases and damage. We thought, 'If we’re donating to the UW already, why not direct some of it to this research that can really change lives for the better?' |  | The following includes several examples of suggested bequest wording to benefit the University of Wisconsin-Madison through the UW Foundation. The Foundation, an independent, nonprofit, tax-exempt corporation founded in 1945, raises, invests and distributes gifts on behalf of the University.
Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with the Foundation's Office of Planned Giving to ensure that your wishes will be properly followed and recognized. |
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| Percentage of Estate- For unrestricted purposes | | | I hereby give, devise and bequeath to the University of Wisconsin Foundation, a nonprofit, non-stock Wisconsin corporation with its principal office in Madison, Wisconsin, _____ percent (%) of the rest, residue and remainder of my estate as an unrestricted gift to be used in the area of greatest need at the time the gift is received. |
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| Percentage of Estate- For specific purposes | | I hereby give, devise and bequeath to the University of Wisconsin Foundation, a nonprofit, non-stock Wisconsin corporation with its principal office in Madison, Wisconsin, _____percent ( %) of the rest, residue and remainder of my estate to form an endowment fund for ____________________________________________.
This fund shall be a permanent endowment and shall be known as the ________________________ Fund. All distributions from the Fund shall be described as having been made available by this Fund.
Additional contributions to said Fund, whether by gift, bequest or devise, may be accepted at any time with the approval of the Foundation.
It is understood and agreed that should the purpose for which this Fund is instituted cease to exist, then the Foundation may devote said Fund for such other uses and purposes as it determines to be in accordance with my original intent in making this gift. |
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| Specific Amount- For unrestricted purpose | | | I hereby give, devise and bequeath to the University of Wisconsin Foundation, a nonprofit, non-stock Wisconsin corporation with its principal office in Madison, Wisconsin, the sum of _______ dollars ($ ) as an unrestricted gift to be used in the area of greatest need at the time the gift is received. |
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| Specific Amount- For a specific purpose | | I hereby give, devise and bequeath to the University of Wisconsin Foundation, a nonprofit, non-stock Wisconsin corporation with its principal offices in Madison, Wisconsin, the sum of __________ dollars ($ ) to be used for _____________________________at the University of Wisconsin-Madison.
It is understood and agreed that should the purpose for which this bequest is instituted cease to exist, then the Foundation may devote said bequest for such other uses and purposes as it determines to be in accordance with my original intent in making this gift.
To assist you with your plans, the Office of Planned Giving can provide sample language for the program or area you wish to support. This confidential service is available to you without obligation.
To request specialized language for a will or trust, please contact Russ Howes at the Foundation at 608-263-0371 or 1-800-443-6162 or russ.howes@uwfoundation.wisc.edu. |
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| Designating the Purpose of a Bequest | | Unrestricted
The most useful type of bequest is unrestricted, allowing the funds to be allocated by the Foundation wherever the need is greatest.
Restricted
You may designate your bequest to support a specific department or college, a special program or purpose that reflects your personal or professional interest.
If the bequest is restricted to a specific purpose, it is important that the following wording be added at the end of the provision: “It is understood and agreed that should the purpose for which this bequest is instituted cease to exist, then the Foundation may devote said bequest for such other uses and purposes as it determines to be in accordance with my original intent in making this gift.” Including this language will ensure that, in the remote possibility a field of study or specified purpose may cease to need funds in the future, an alternate use for the bequest may be determined.
Designation of the use of the funds bequeathed (devised, in the case of real property) can, or should be, as detailed as is felt necessary to describe adequately the desired use and purpose of the bequest. |
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