The following is intended to help you and your attorney in drafting a bequest that satisfies your interests. As you consult your attorney on the selection of appropriate wording to reflect your own goals and intentions regarding Columbia University, be sure our organization’s correct legal name appears in all final documents as:
“The Trustees of Columbia University in the City of New York, 622 West 113th Street New York, New York 10025, a New York nonprofit corporation, or its successor, Federal Tax Identification Number: 13-5598093.”
UNRESTRICTED vs. RESTRICTED GIFTS
Unrestricted gifts are especially valuable to Columbia because they allow the University to fulfill its highest priorities and greatest needs.
I give and bequeath $ / percent of my residual estate to THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK for its general purposes.
Restricted gifts allow you to support a particular program or purpose you might have in mind. You may choose to help fund undergraduate financial aid, graduate fellowships, pioneering research, faculty salaries, libraries, or a particular area or department of interest.
I give and bequeath $ / percent of my residual estate to THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK to ...
... provide scholarships for undergraduate students attending Columbia College/The Fu Foundation School of Engineering and Applied Science/the School of General Studies.
... provide fellowships to graduate students studying in the School of or Department of ______________.
If there is a particular area of study or program you would like to support, please call the Office of Gift Planning to discuss your wishes. We can provide you with the appropriate language to ensure your gift can be used as you intend.
CURRENT USE vs. ENDOWMENT
Establishing a current use fund for a specific program or department allows Columbia the flexibility of using the full amount of your gift as needed.
I give and bequeath $ / percent of my residual estate to THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK to establish the [NAME OF FUND] Fund, a current use fund that will be used to support ______________.
Establishing an endowed fund creates a permanent endowment that provides income every year in perpetuity to carry out its purposes. Endowed funds often take the form of scholarships, professorships, or other naming opportunities across the University’s schools and programs. As minimum amounts for creating endowed funds vary over time, please consult with the Office of Gift Planning when considering this option. We can also help you craft bequest language that will fulfill both your wishes and the needs of the University.