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Bequest language

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Thank you for your interest in supporting Loyola University Chicago through your estate plans. Below is the University's sample bequest language to assist you in your planning.

Legal Name: Loyola University of Chicago
Tax ID Number:
36-1408475

To the University, unrestricted:
"I give to Loyola University of Chicago*, an Illinois not-for-profit corporation, Chicago, Illinois, the sum of $______________ (or ______________ percent of the remainder of my estate) to be used for the benefit of said University in such manner as the Trustees thereof may direct."

To a particular school, unrestricted: 
"I give to Loyola University of Chicago*, an Illinois not-for-profit corporation, Chicago, Illinois, the sum of $______________ (or ______________ percent of the remainder of my estate) to be used for the benefit of (school of your choice) in such manner as the Trustees thereof may direct."

To a particular school for a particular purpose:
"I give to Loyola University of Chicago*, an Illinois not-for-profit corporation, Chicago, Illinois, the sum of $______________ (or ______________ percent of the remainder of my estate) to be used by (school of your choice) for support of _______________________________________________."

To establish an endowed fund: This example establishes an undergraduate scholarship fund, but the same general format may be used to establish other endowed funds—for graduate student support, lectureships, master classes, professorships, etc. Before finalizing your plans, please contact our office to discuss wording and minimums to ensure that Loyola is able to fulfill your wishes.

"I give to Loyola University of Chicago*, an Illinois not-for-profit corporation, Chicago, Illinois, the sum of $_______________ (or ______________ percent of the remainder of my estate) to establish a permanently endowed scholarship fund to be known as the ________________________ Scholarship Fund (could be any name you choose; the current minimum amount for an endowed scholarship is $100,000). Income from this Fund, as determined under applicable Loyola University policy, shall be used to provide financial aid for deserving undergraduate students at the University. "

* Loyola University Chicago's name for the purpose of legal documentation.

If you have any questions about this information, please contact the Office of Gift Planning at 800.424.1513 or 312.915.6804 or by e-mail at giftplanning@LUC.edu.

 

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