Sample Language

Sample Bequest Language

New Mexico Tech's tax ID # is: ???

General Purposes

I give and bequeath to The Trustees of New Mexico Tech University, a New Mexico not-for-profit corporation, the sum of ___________ Dollars {or all the rest, residue, and remainder of my estate} to be used for the purposes of the University at the discretion of its Board of Trustees.

General Purposes Endowed Fund

I give and bequeath to The Trustees of New Mexico Tech University, a New Mexico not-for-profit corporation, the sum of ___________ Dollars {or all the rest, residue, and remainder of my estate} to create an endowed fund (the "Fund"). The income from this Fund shall be used for the general purposes of the University in the discretion of its Board of Trustees.

The University is hereby authorized to commingle this Fund, and any additions thereto, with the general investment funds of the University, provided only that this Fund be credited with its pro rata share of net investment income in the same manner as the other pooled funds are credited with income.

If, as a result of changed conditions in the future, the income from this Fund shall not be needed for the original purpose set forth above, then the University is authorized to use the income for such other purposes as nearly as possible akin to the original purpose as in its judgment will help advance the aims of the University {and serve as a memorial to [testator's name]}.

Restricted Purpose

Please be aware that there are some legal and practical considerations as you plan a restricted bequest to Princeton. For example, certain gifts to New Mexico Tech have minimum required amounts (e.g., scholarships, fellowships, and professorships.)

If you are considering designating your bequest for a specific purpose, please call the Office For Advancmement at 575-835-5616 or alumni@admin.nmt.edu. Gift planning staff members, working with the Office of General Counsel, will help ensure that your gift is used as you would like.