How to Make an Estate Gift

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Gifts from Wills and Trusts:

When making a charitable gift to a nonprofit organization, it is vital the legal name of the charity, city and other identifying details be used. To name Niagara University in your will or trust please use the following suggested language:

Unrestricted bequest for the Niagara University Fund (general purposes):

"I hereby give, devise, and bequeath to Niagara University (or alternatively to Niagara University for the College of…), located at PO Box 2008 5795 Lewiston Road, 14109, Niagara University, NY 14109, for its general purposes (…dollars) (…percent) (all the rest, residue, and remainder of my estate)."

Bequest for endowment:

"I hereby give, devise, and bequeath to Niagara University, located at PO Box 2008 5795 Lewiston Road, 14109, Niagara University, NY 14109, (money or property to be bequeathed) to establish an endowment fund to be known as the (…Fund), the income from which shall be for the unrestricted use of Niagara University (or alternatively to Niagara University for the College of…)."

Bequest for endowed scholarship:

"I hereby give, devise, and bequeath to Niagara University, located at PO Box 2008 5795 Lewiston Road, 14109, Niagara University, NY 14109, (money or property to be bequeathed) to establish the (…Scholarship), the income from which shall be used for financial aid to students enrolled in Niagara University. The income of this fund may be used each year, or if not, may be used in a subsequent year or added to the principal of the fund. Awards from this fund shall be designated as the (….Scholarship)."

If a specific use is stated, the addition of the following language will make certain that the bequest always remains productive:

"If, in the judgment of the Niagara University Board of Trustees, changed circumstances should at some future time render the designated use of this fund no longer appropriate, then the Trustees shall direct use of the fund to further the objectives and purposes of Niagara University, giving consideration to my special interest as evidenced by the purpose described above."

GIFTS OF APPRECIATED SECURITIES

Morgan Stanley
6532 Quaker Street
Orchard Park, NY 14127
Toll Free: 716-667-5005

Contact: Lou Licata
Assistant: Sally Kolkmeyer
Phone: 716-667-5005
Email: Sally.Kolkmeyer@ms.com
Fax: 716-667-9020
Acct 571-053204-006
DTC# 0015

BENEFICIARY GIFTS FROM RETIREMENT PLANS, LIFE INSURANCE, BROKERAGE ACCOUNTS OR ANY OTHER PLAN WITH A BENEFICIARY DESIGNATION:

Please contact your plan provider for a change of beneficiary form. Once you have filled out the form, please send a copy to Marilyn Koren, Major Gift/Planned Giving Officer at mkoren@niagara.edu

Legal name: Niagara University
Tax ID number: 16-0755807
Address: PO Box 2008 5795 Lewiston Road
Niagara University,  NY  14109

NOTE TO ATTORNEYS, ACCOUNTANTS AND OTHER PROFESSIONAL ADVISORS:

Thank you for helping your client with their charitable planning. As a professional advisor, you build your client relationships on trust and mutual respect. The same is true for our relationships with our friends and donors.

We understand that financial, philanthropic and estate goals are unique to the individual. For this reason we welcome the opportunity to assist as you incorporate your clients' philanthropic objectives into wellcrafted estate plans. Furthermore, we encourage prospective donors to consult with their professional advisors before making decisions based on information we provide.

If you have any questions or concerns, please call 716.286.8791 or email mkoren@niagara.edu.

Disclosure: This information is not intended as legal advice. For more specific advice, please consult your attorney or financial adviser.