Gifts by Will
Through various types of bequests to Eastern Michigan University, you may secure a charitable estate-tax deduction for the value of the gift. Best of all, you will know that your generosity will support our mission for years to come.
You may prefer to state in your will or trust a sum of money, a percentage of your estate, a specific item, a work of art, or real estate that you wish to give to Eastern Michigan University.
Whatever form of bequest you choose, it is not subject to estate or inheritance taxes and so significantly reduces the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit to the deduction.
Suggested Language for Bequest Provisions
This suggested language is intended to provide examples, not legal advice. The Eastern Michigan University Foundation recommends that you consult your attorney or financial advisor regarding your personal circumstances and estate planning wishes.
SPECIFIC BEQUEST
"I give, devise, and bequeath to Eastern Michigan University Foundation, a non-profit corporation under the laws of the State of Michigan, for the sole use of Eastern Michigan University, Ypsilanti, Michigan,
[Select one of the following clauses, either (a), (b) or (c)]:
- the sum of $_________; or
- a portion of my estate totaling ____%; or
- real estate or personal property as follows:,
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
[Select one of the following clauses, either (i) or (ii)]:
- to be used for the benefit of the [name of college, or University unit] for the following purpose:
_____________________________________________________________
_____________________________________________________________
________________________________________________________. [or]
- at the discretion of the Trustees of the Eastern Michigan University Foundation for the general benefit of the University."
RESIDUAL BEQUEST
"I give, devise and bequeath all or _____% of the rest, residue, and remainder of my estate, both real and personal property of whatever kind and wherever situated, to Eastern Michigan University Foundation, a non-profit organization under the laws of Michigan, for the sole use of Eastern Michigan University, Ypsilanti, Michigan,
[Select one of the following clauses, either (i) or (ii)]:
- to be used for the benefit of the [name of college, or University unit] for the following purpose:
_____________________________________________________________
_____________________________________________________________
________________________________________________________. [or]
- at the discretion of the Trustees of the Eastern Michigan University Foundation for the general benefit of the University."
The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Eastern Michigan University. We would be pleased to discuss, in confidence, ways in which you may support Eastern Michigan University. These measures may also have an impact on your estate planning.
