ATTACHMENT X
Sample
Will Language to Create an Endowment
I hereby
give, devise, and bequeath $____________________ (or _____ percent of my
residual estate) in cash, securities or other property to the Texas State
University-San Marcos.
This gift shall
be used to create the (Name) as a permanent endowment for the benefit of the
(College). Funds distributed from the endowment shall be used to provide
(Purpose).
These endowment funds may be
merged or comingled with other funds held by Texas State University-San Marcos
for investment purposes, in accordance with the policies and procedures of the
university. Funds distributed from the endowment in a year may be retained and
expended for the purposes of the endowment in subsequent years and a portion
may be designated, at the discretion of the President and the Vice President of
Finance and Support Services, as a permanent addition to the principal of the
endowment.
Such
endowment shall never become a part of the General Fund of the State of
As with any decision involving your assets, we urge you to seek the advice of your professional counsel when considering a gift to Texas State University-San Marcos.