Unrestricted Bequests

The following is suggested language for unrestricted bequests to be used for the greatest current need of the university.

I give to the Ball State University Foundation, a not-for-profit corporation organized under the laws of the state of Indiana and located in Muncie, Indiana, (choose one)

• _____% of my estate or
• the sum of $_____________ or
• all my right, title, and interest in the following described property: ________________________________________________________________ or
• all the rest, residue, and remainder of my estate to be used in such manner as the board of directors of said foundation shall, in its sole discretion, determine.
  

Restricted Bequests

For restricted bequests to establish a named permanent endowment fund, we suggest the following:

I give to the Ball State University Foundation, a not-for-profit corporation organized under the laws of the state of Indiana and located in Muncie, Indiana (choose one)

• _____% of my estate or
• the sum of $_____________ or
• all my right, title, and interest in the following described property: ________________________________________________________________ or
• all the rest, residue, and remainder of my estate to be used for The (Name) Fund.
  

Details for the management and administration of this fund are contained in the final Fund Agreement with the Ball State University Foundation signed by me and the appropriate representative of the Ball State University Foundation before my death.

The property constituting this gift may, in the sole discretion of the board of directors of said foundation, be merged with the general assets of said foundation for more convenient administration or investment, but the gift shall be entered in the books and records of said foundation as The (Name) Fund and this fund shall be used for the preferences as defined in the final Fund Agreement with the Ball State University Foundation signed by me and the appropriate representative of said foundation before my death.

The designation of the preferences for which this gift is to be used shall not be construed as requiring the administration of this gift as a trust, the furnishing of bonds, or the making of annual reports to the court.

In the event the board of directors of the Ball State University Foundation, in its sole discretion, determines that the use of this fund for the preferences stated in the final Fund Agreement is no longer legal, practical, or possible of performance, or for other good and lawful reason, then said preferences should be changed, and said board of directors shall use this fund for such purposes as said board, in its sole discretion, determines will best promote and support research and education at Ball State University.