One of the best ways for you to make a significant contribution to Hindu Dharma generally and to the Hindu Community world-wide that also preserves your memory forever is through a legacy gift to the Hindu University of America detailed in your Will or Trust. The specific language that we suggest in your Will or Trust is as follows:
Identify the Recipient:
- “Hindu University of UK (HUO) is *a charitable trust* whose Federal Employer Identification Number is # 123456789, located at AAA UK
Specify your Gift: Percentage of estate, dollar amount, or property
- “I give ______ percent (______ %) of the rest, residue and remainder of my estate to the Hindu University of UK.”
- “I give, devise and bequeath to the Hindu University of UK, the sum of _______dollars ($ _______________)”
- “I give the following described property: __________________to the Hindu University of UK.”
- “I give all the rest, residue and remainder of my estate to Hindu University of UK.”
- This gift to HUO is to be assigned at the sole discretion of the HUO Board of Trustees to one or more existing or new funds and may be co-mingled for investment purposes with other funds administered by HUO without restriction as to permissible investments.
Specify the nature of your Gift: Endowment versus Current Use
- For an endowment gift – the following wording may be used: “The principal of this gift shall be held in perpetuity, and the income from its investment as determined by the Board of Trustees of Hindu University of UK may be distributed towards any purpose where most needed.
- For an operational fund gift – the following wording may be used: “The full amount of this gift, or the proceeds from the disposal of these assets, may be distributed towards any purpose where most needed.
Specify the intended Use of your Gift: Unrestricted versus Restricted
- For an Unrestricted Gift – the following wording may be used: “The use of funds arising from this gift is unrestricted i.e. they may be assigned by the Board of Trustees of the Hindu University of UK towards any use, where most needed, at their sole discretion.”
- For a Restricted Gift – the following wording should may be used: “The funds arising from this gift may be assigned exclusively towards the purpose of _______________________ and may not be co-mingled with the general funds administered by university.”
Add a Codicil to an existing Will:
- If you have already prepared a will or trust, you may draw up a Codicil which contains a supplement to your existing will or living trust. Ensure that your codicil is notarized and attached to your existing estate document(s). If you do this yourself, the entire codicil should be written in your own hand. The following is an example of a codicil for a specific bequest:
- “In addition to the will I executed on (Date of Will), I now desire to add this provision for the AAA , UK namely to provide (specify percentage of estate or dollar amount, or describe asset) to be used for (specify particular fund or write “any purpose where most needed”). Ensure that your Codicil includes the following:
Dated: ____________________
Signed: _________________________________________________________
Witnessed: __________________________________________________________
Thank you for considering a legacy gift to support Hindu University of UK.