Bequest Language Sample

Sample bequest language for an unrestricted expendable gift

“I give [all of the residue of my estate OR an amount equal to X percent of the residue of my estate / thereof OR $____________  ] to the Massachusetts Institute of Technology (MIT), a Massachusetts nonprofit corporation, for its general educational and charitable purposes.”

This information is provided for illustrative purposes only and should not be considered legal or financial advice. We encourage you to discuss these options with your attorney. Please note the MIT EIN is 04-2103594. 

Information for Advisors

IRS offers opportunity for MIT charitable trusts

A private letter ruling issued by the IRS allows MIT to invest certain charitable trusts alongside the larger university endowment. Now, when a donor establishes a charitable trust with MIT, they can request that it be invested alongside the endowment and get approximately the same results as the endowment does.

MIT’s unitized pool of endowment and other MIT funds generated an investment return of 13.2% during the fiscal year ending June 30, 2015.

Helpful links for advisors:

Charitable Remainder Trusts 
Charitable Gift Annuities
Investing alongside the MIT Endowment

Outside resources:

American Council on Gift Annuities 
Partnership for Philanthropic Planning
IRS Current Discount Rates