Bequest Language
The following language may aid you and your attorney in preparing your bequest to the 12th Man Foundation for the benefit of Texas A&M University athletics. I give, devise and bequeath to the 12th Man Foundation, a nonprofit corporation organized in accordance with the laws of the State of Texas for the purpose of supporting Texas A&M University, an educational institution, located at College Station, Texas,
a) the sum of $__________________ ;
b) the following described property ____________ ;
c) (_________ % of) the rest, residue and remainder of my estate.
The property comprising this gift may, for investment purposes, be merged with any of the general investment assets of the 12th Man Foundation, but the gift shall be entered in the foundation's books and records as the _________ Fund, and shall always be so designated. The distributions from the fund shall be used
a) to further the purposes of the 12th Man Foundation in its support of Texas A&M University athletics;
b) to provide scholarships for deserving students of Texas A&M University.
If you select a specific purpose for your gift, inclusion of the following sentence will ensure that the bequest remains useful through many decades.
If, in the judgment of the Foundation Executive Committee (EC), changed circumstances should, at some future time, render the designated use of this fund impracticable, unwise or inappropriate, then the EC shall use the fund to further the objectives and purposes of Texas A&M University athletics, giving consideration to my special interest as evidenced by the purpose described above.
If you choose to name the 12th Man Foundation as a beneficiary, please let us know of your plans. This will enable us not only to show our appreciation of your generosity, but also to include your support in planning for the future of Texas A&M. |
