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–Bequests—sample language

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	Home > Ways to give > Bequests > Bequests—sample language	In 1959, John S. McCarthy defined the LISP (LISt Processing) language — the main language for artificial intelligence research. "Research Firsts from MIT"
	Bequests—sample language Unrestricted bequests Bequests for general purpose endowment Bequests for endowment for special purposes Unrestricted bequests I give to the Massachusetts Institute of Technology (“MIT”), a corporation organized under the laws of Massachusetts and situated in Cambridge, Massachusetts, ($__________). Bequests for general purpose endowment I give to the Massachusetts Institute of Technology (“MIT”), a corporation organized under the laws of Massachusetts and situated in Cambridge, Massachusetts, ($_________). The principal of this gift shall be held and may be commingled with other funds of MIT for investment. The income may be used by MIT for its general educational and charitable purposes. Bequests for endowment for special purposes I give to the Massachusetts Institute of Technology (“MIT”), a corporation organized under the laws of Massachusetts and situated in Cambridge, Massachusetts, ($__________) to establish the _______________ Fund. The principal of this gift shall be held and may be commingled with other funds of MIT for investment. The income available for expenditure shall be used to [provide undergraduate scholarships; augment faculty salaries; support research in_____________________, etc.]. If MIT determines in its absolute discretion that it is not practicable to use for a designated special purpose (1) part or all of the income and/or principal of expendable funds, or (2) part or all of the income of endowment funds, then such part or all of the income or principal, as the case may be, may be used for the general educational and charitable purposes of MIT.