Suggested bequest language
The text below is suggested when drafting a bequest for either an expendable gift or an endowment.
The additional safety language is suggested to ensure your gift will always remain productive.
I give and bequeath the sum of $ ____ (or ___% of the residue of my estate) to McGill University at Montreal, Quebec, Canada for the general purposes of the University and its greatest needs OR to be used in the Faculty/School of ________ for its general purposes and greatest needs OR to be used in the Faculty/School of ________, designated to ________ (identify program or project).
I give and bequeath the sum of $____ (or ___% of the residue of my estate) to McGill University at Montreal, Quebec, Canada to establish (or augment) an endowment fund*, the income of which is to be used by McGill University OR by the Faculty/School of ________, for a (insert designation: for example Chair, fellowship, scholarship, bursary, etc.) in my name (or in memory of ________).
*Please contact us with any questions regarding endowments and funding minima.
Inclusion of the following language is suggested in order to ensure that a bequest designated for a specific use will always remain productive if circumstances change unexpectedly:
“If it should become no longer practical or possible to use this gift for a designated purpose (for example, if the program to which it relates is restructured or discontinued), senior McGill University officers, in consultation with the relevant recipient unit’s representatives, will redirect the gift to a new purpose that is, in their opinion, consistent with the original spirit and intent of my gift.”