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Wills

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Giving through your will is one of the simplest ways to give a future gift to benefit MSSU. As you and your attorney draft your will, the ºÚÁÏ³Ô¹Ï Foundation can be included in the same manner as other beneficiaries. There are several options available to the donor as your will is drafted.

Sample Options:

  • A pre-determined amount, "$50,000 to the ºÚÁÏ³Ô¹Ï Foundation"
  • A percentage of the estate, "35% of my estate to the ºÚÁÏ³Ô¹Ï Foundation"
  • The remainder of an estate, "After all other beneficiaries are provided for, any remainder of my estate shall go to the ºÚÁÏ³Ô¹Ï Foundation"
  • A contingent beneficiary share, "If any of the aforementioned beneficiaries pre-decease me, that share shall go to the ºÚÁÏ³Ô¹Ï Foundation"

Donors should always contact the Foundation if they are considering giving a gift through a will. The donor may wish to restrict how the funds are used by the Foundation by designating certain departments or programs at the University as recipients of the gift. A Foundation representative will work with the donor and their attorney to ensure the gift is used as the donor wishes. There are no immediate tax advantages to the donor giving a gift through a will. There are, however, estate tax benefits. Assets passed to charitable organizations through your will are not subject to estate tax.

There are many examples of how a will can be used to meet the needs of a donor. In all cases donors should consult their attorney or estate planner when considering gift giving.