Sample Bequest Language
Leaving a gift to Oregon State University through your will or living trust (referred to a "bequest") is an easy and impactful way to benefit the university. When making a bequest, you can choose to support your favorite college, program, or a specific purpose such as scholarships, fellowships, or faculty enrichment. The OSU Foundation is the independent fundraising agent of the university and is the preferred designee for estate gifts.
The sample language provided below illustrates how a bequest can be accomplished, and is intended to be used for educational purposes rather than as legal advice. We encourage donors to share this information with their legal counsel. We also recommend that you review your bequest with the OSU Foundation's Gift Planning Office to ensure that your plans are carried out as you wish.
For General or Undesignated Support of OSU or Specific College/Program/Fund:
"I give:
________% of my estate,
OR
the sum of $_______,
OR
the real property described on the deed as ___________,
OR
personal property described as _____________,
OR
all the rest, residue, and remainder of my estate,
OR
____________________% of the rest, residue, and remainder of my estate
to the Oregon State University Foundation (www.osufoundation.org) to further the purposes and objectives of Oregon State University [or specify the College, or a School, Division or Department or Fund at OSU) as may be recommended by the President of the University and approved by the Trustees of the Foundation."
To Establish a Designated/Restricted Fund or Gift Use:
"I give:
________% of my estate,
OR
the sum of $_______,
OR
the real property described on the deed as ___________,
OR
personal property described as _____________,
OR
all the rest, residue, and remainder of my estate,
OR
___________________________________% of the rest, residue, and remainder of my estate to the Oregon State University Foundation (www.osufoundation.org) to be used in accordance with the most recent Statement of Intent I have executed with Oregon State University Foundation. If no Statement of Intent exists at the time of my death, then I intend this gift to support ___________________________________________________ [insert name of College/Program/Purpose]. If no such college/program is in existence then to Oregon State University Foundation to further the purposes and objectives of Oregon State University as may be recommended by the President of the University and approved by the Trustees of the Foundation."
NOTE: The Statement of Intent mentioned above is a short agreement between the donors and the Foundation/University, which includes background information provided by the donors and specifics on how the gift will be used. Donors may amend the Statement of Intent as often as they like without the necessity of amending their will or living trust.
Beneficiary Designation
When naming Oregon State University as a beneficiary of your retirement plan, IRA, life insurance policy, charitable trust or charitable gift annuity, please use the following information on your beneficiary designation form.
Oregon State University Foundation
4238 SW Research Way
Corvallis, OR 97333
Federal Tax ID Number: 93-6022772
More Information
If you or your attorney would like Oregon State University to provide you with additional information that is specific to your goal and interest, please contact us at (541) 737-6125.