Office of Estate & Gift Planning
Restricted as a percentage of the estate
I give, devise, and bequeath to the University of Florida Foundation, Inc., a not-for-profit organization located in Gainesville, Florida, _____ percent (%) of the rest, residue, and remainder of my estate to be used for __________________________________________ at the University of Florida. 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 University of Florida Foundation, Inc. Board of Directors may redesignate the purpose to adhere as closely as possible to my original intent.
Many individuals establish endowments at the University of Florida to honor the memory of a family member or another loved one. These endowments live forever, since only the income is used annually. The sample language provided below can be used to fund a previously established endowment. If you have questions about establishing an endowment, please contact the Office of Gift Planning at University of Florida Foundation, Inc.
Restricted as percentage of estate for endowment
I give, devise, and bequeath to the University of Florida Foundation, Inc., a not-for-profit organization located in Gainesville, Florida, _____ 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 the University of Florida Foundation, Inc.'s permanent endowment and in accordance with its policies. The income therefrom is to be used by the University of Florida Foundation, Inc., located in Gainesville, Florida, 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 University of Florida Foundation, Inc. Board of Directors may redesignate 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.
The University of Florida Foundation is not affiliated with, and does not provide, endorsements for professional advisors. Information contained herein was accurate at the time of posting. 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 any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Charitable Gift Annuities may not be available in all states.Privacy Policy | Cookie Policy