Including Niagara University in Your Will

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Many people would like to help strengthen the long-term viability of Niagara University but feel they cannot afford to make such a gift today. A bequest provision can be made through your will or revocable trust which can provide a future gift to Niagara University and make no impact in your current spending or lifestyle. The advantages of make a bequest include:

  • It is not payable until death, so it does not affect your assets or cash flow during your lifetime.
  • It is private – your will is not filed or made public until your death, and
  • It is revocable – you can change the provisions in your will or trust at any time until death.

Gifts from Wills and Trusts:

When including a provision for us in your will, you will want to make sure that your intention is stated clearly and that you have our correct name and address. Below is language that we prepared that you can use as you draft your intention.

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, 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, 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, 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."