Planned Giving

Bequest Language

pdficon_large.gif Printable Bequest Language

Your attorney can help you include a bequest to the UNM Foundation in your will or trust. We have provided some basic bequest language to assist you and your attorney.

I give, devise, and bequeath to The University of New Mexico Foundation, Inc. (Foundation) (Federal Tax ID: 85-0275408) a nonprofit corporation organized in accordance with the laws of the State of New Mexico for the purpose of supporting The University of New Mexico (UNM), (Choose one of the following from a-c below)

A. the sum of $______________;
B. the following described property _________ (see additional instructions below);
C. _______% of the rest, residue, and remainder of my estate.

For the charitable purposes of The University of New Mexico, specifically. (Choose 1 or 2 below)

1. unrestricted support for (department, program, or the university);
2. to provide support for _____________.

If, in the judgment of the UNM Foundation Board of Trustees, future circumstances render the designated use of this fund impracticable, unwise, or inappropriate, then the Board shall use the fund to further the objectives and purposes of The University of New Mexico—giving consideration to my special interest as evidenced by the purpose described above.

Bequests of Property

When the UNM Foundation receives gifts of real estate, the property is typically sold and the proceeds are used to support The University of New Mexico. Please contact us prior to completing your estate plan so that we can ensure your real estate gift is properly referenced in your will or trust.

For a gift of art or books, etc., please use the following language:

It is my intention that the (artwork, books, etc.) be used for the benefit of the ____________. Should __________ be unable to display this artwork, I hereby give permission for its exhibition in any of The University of New Mexico's facilities (to include museums, classrooms, offices, administrative buildings, etc.) or sold and the proceeds used for the benefit of ______________.

Restricted Bequests

If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

Endowments

If you would like your gift to exist in perpetuity, an endowed fund can be established with a gift of $25,000 or more. With an endowment, only the interest is used and the principal is never invaded. A the UNM Foundation representative will work with you to create a Gift Agreement, which lays out the form, purpose, and administration of your gift. Signed by the donor, a University of New Mexico representative, and the UNM Foundation President, the Gift Agreement documents your wishes with regard to guidelines for use of the endowed funds. The UNM Foundation will manage the endowment and make annual disbursements while providing for the long-term growth of the principal.

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