Bequest Language

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RECOMMENDED BEQUEST LANGUAGE FOR WILLS AND TRUSTS

For unrestricted bequests, the following language is recommended:

"I give to DePaul University, an Illinois not-for-profit corporation having its principal offices in the City of Chicago, County of Cook, State of Illinois, the sum of $_________________________  or _________ percentage of, (or the remainder and residue of) my estate. I instruct my estate representatives that all of my charitable gifts shall be made, to the extent possible, from property that constitutes 'income in respect of a decedent' as that term is defined in The Internal Revenue Code."

If the donor would like to be more specific, the following language is recommended:

"I give $_________________________ to DePaul University, an Illinois not-for-profit corporation having its principal offices in the City of Chicago,  County  of Cook, State of Illinois, to be added to its general endowment fund (or to its general operating fund)” OR;

"I give $_________________________ to DePaul University, an Illinois not-for-profit corporation having its principal offices in the City of Chicago,  County  of Cook, State of Illinois, to be used for the purpose of funding ______________________ program in the College of ________________________.

DePaul University also strongly encourages the inclusion of the following language in wills or trusts where the bequest is restricted for a specific purpose:

"If the need for funds for the purposes described above no longer exists at some future date, or if the above stated purpose should become illegal or improper, DePaul University may within its discretion use these funds for an alternative purpose as closely related to the original purpose as possible, keeping in mind the original intent of the donor and as deemed appropriate by the Trustees and executive officers of DePaul University."

If the donor intends to establish an endowed scholarship fund through his or her estate plans, the donor and/or the donor's legal advisors should contact the Office of Planned Giving at 312.362.8666, or via e-mail at plannedgiving@depaul.edu.

Effective July 12, 2017

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