The official bequest language for the University of Minnesota Foundation is: "I give [the sum, percentage, or description of property] to the University of Minnesota Foundation, Minneapolis, Minnesota, to be used for the benefit of [the name of the campus, college or program]." NOTE: Gifts may be designated to benefit existing funds, or (for gifts $25,000 and above) to create new endowed funds. In these cases, it would be appropriate to also add “in accordance with the terms of a separate Memorandum of Agreement." Gifts may also be designated as unrestricted, in which case the phrase "to be used for its general tax exempt purposes but without other restrictions to use" may be substituted.