LSSU Foundation

Giving Through Bequests in Wills & Living Trusts

What is a bequest? A bequest is a gift to someone or one's charity using a will or a living trust. Bequests, as a your final gift to LSSU, insures the scholarships or programs that you supported through your lifetime are carried on. What can I bequeath to LSSU? Most LSSU alums and friends leave cash, securities, real estate, or other items that can be used to educate students and further the mission of the University. Can I designate my gift? Yes, you can designate your gift to your endowed scholarship or your favorite University program. You may also leave that decision to the LSSU Foundation and direct your gift to the University's greatest need. How do I state the bequest provision(s) in my will or living trust?
For a gift of an entire estate:

“I give and devise to the LSSU Foundation, a Michigan non-profit corporation, my entire estate for the use and advancement of Lake Superior State University,

(Select one of the following clauses either [a] or [b])

to be used for the benefit of (list University program or scholarship). Or
to be used for University purposes as directed by the LSSU Foundation.

For a gift that is a portion of an estate:
“I give and devise to the LSSU Foundation, a Michigan non-profit corporation, the following for the use and advancement of Lake Superior State University:

_______% of my estate
$_______ (specific amount)
the following property: (description of stocks, securities, real estate, or other item for educational purposes)

for a designated purpose:
(Select one of the following clauses either [a] or [b])

to be used for the benefit of (list University program or scholarship). Or
to be used for University purposes as directed by the LSSU Foundation.

We recommend that you notify the LSSU Foundation about your bequest to ensure your gift intentions are met. Those who include LSSU in their gift planning become a member of the Superior Legacy Society. Please know that your information is kept in strict confidence and only your name will be included in our recognition. You may request that your name remain anonymous in terms of recognition.

This information is provided for educational purposes only and is not intended as legal advice. Bequest language will vary by state or by country. Please consult your tax advisor or legal council.

For more information on ways to include LSSU in your gift planning, contact the LSSU Foundation at (906) 635-2665 or email: foundation@lssu.edu.

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