Providing for a bequest gift to Montclair State University depends on your circumstances and the nature of your assets. Following are examples of model language which may be helpful to you and your advisor as you plan your bequest.
Sample Language
1. Cash Bequest
I give and bequeath to Montclair State University Foundation, a nonprofit corporation, located in Montclair, New Jersey, USA, Federal ID# 22-6017209, the sum of $_______________________ to be used for __________________________________________________________________.
2. Percent Bequest
I give and bequeath to Montclair State University Foundation, a nonprofit corporation, located in Montclair, New Jersey, USA, Federal ID# 22-6017209, ____________% of my estate to be used for __________________________________________________________________________.
3. Property Bequest
I give and bequeath to Montclair State University Foundation, a nonprofit corporation, located in Montclair, New Jersey, USA, Federal ID# 22-6017209, all my right, title and interest in the following described property: _______________________________________ to be used for _____________________________________________________________________________.
4. Residual Bequest
I, hereby give and bequeath to Montclair State University Foundation, a nonprofit corporation, located in Montclair, New Jersey, USA, Federal ID# 22-6017209, all (or_________ %) of the rest, residue or remainder of my estate to be used for _______________________________________.
5. Contingent Bequest
I, hereby give and bequeath (description of asset or property) to my spouse, if he or she survives me. If my spouse does not survive me, I give and bequest (description of asset or property) to Montclair State University Foundation, a nonprofit corporation, located in Montclair, New Jersey, USA, Federal ID# 22-6017209.
6. Gifts for a Specific Purpose
Modify any of the above with the following insert:
…to be used for the following: __________________________________________________. If the Board of Trustees of Montclair State University Foundation determine at any time that such purpose is obsolete, inappropriate or impracticable, the Trustees may use the income or principal of this bequest to specific use comparable to the donor(s) wishes.
If you have named Montclair State University in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift. However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.
Please contact Ely F. Santoni, CFRE at 973-655-3695 or santonituere@montclair.edu for more information.