Bequest Language
The following includes several examples of suggested bequest wording to benefit Texas Southern University. Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage donors to talk to their legal or tax counsel and to share their final will provision with Texas Southern University to ensure that their wishes will be properly followed and recognized.
Percentage of estate for unrestricted purposes
I give, devise, and bequeath to Texas Southern University, a non-profit organization located in Houston, Texas, _____ percent (%) of the rest, residue, and remainder of my estate as an unrestricted gift to be used at the discretion of the Board of Regents of Texas Southern University for the general purposes of Texas Southern University, located in Houston, Texas.
Percentage of estate for specific purposes with an endowment
I give, devise, and bequeath to Texas Southern University, a non-profit organization located in Houston, Texas, _____ percent (%) of the rest, residue, and remainder of my estate to establish the ____________________ENDOWED FUND. The principal of this Fund shall be invested as part of Texas Southern University's permanent endowment and in accordance with its policies. The income therefrom is to be used by Texas Southern University, located in Houston, Texas, for____________________________________. Contributions may be added to the Fund at any time. If changed circumstances should at some future time make it impractical to continue using the income from the Fund for the purpose designated, then the Texas Southern University Board of Regents may re-designate the purpose for which the Fund's income may be distributed, provided that the Fund shall continue to bear the name ________________ ENDOWED FUND, and that the amended terms shall adhere as closely as possible to my original intent.
Specific amount for unrestricted purposes
I give, devise, and bequeath to Texas Southern University, a non-profit organization located in Houston, Texas, the sum of $_______ in cash or in-kind (or ________ shares of ________stock) to be used at the discretion of the Board of Regents of Texas Southern University for the general purposes of Texas Southern University and its related entities. Specific amount for specific purposes I give, devise, and bequeath to Texas Southern University, a non-profit organization located in Houston, Texas, the sum of $_______ in cash or in-kind (or ________ shares of ________stock) to be used for __________________________________________ at Texas Southern University.
If changed circumstances should at some future time make it impractical to continue using the income from the Fund for the purpose designated, then the Texas Southern University Board of Regents may re-designate the purpose to adhere as closely as possible to my original intent.
*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.