A. Unrestricted Bequest

(Will) "I give to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida, outright, the following:

• (Cash Bequest) _____________ dollars ($ ________)."
• (Stock Gift) ________ shares of common stock of _____________ Corporation."
• (Percentage of Estate) ________ percent ( ___%) of the residue of my estate."
• (Other) _________________________________________________________."

(Trust) "The Trustee shall distribute the following outright to the Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida:

• (Cash Bequest) _____________ dollars ($ ________)."
• (Stock Gift) ________ shares of common stock of _____________ Corporation."
• (Percentage of Estate) _______ percent (___%) of the residue of the trust estate."
• (Other) _________________________________________________________."

B. Bequest for Specific Purpose

(Will) "I give to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida (hereinafter "Florida Tech"), _____________ dollars ($ ________) (or the property herein described) for the following purpose(s) (insert desired clause – see samples below). In the event that any of the purposes for which the funds paid pursuant to this bequest become frustrated, unreasonably burdensome, or impractical (as determined by the governing board of Florida Tech in its discretion), such funds shall be used for such other purpose(s) that are as close as practicable to the purpose(s) set forth herein, as determined by the governing board of Florida Tech in its discretion."

(Trust) "The Trustee shall distribute_____________ dollars ($ ________) (or the property herein described) to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida (hereinafter "Florida Tech"), for the following purpose(s) (insert desired clause – see samples below). In the event that any of the purposes for which these funds are distributed become frustrated, unreasonably burdensome, or impractical (as determined by the governing board of Florida Tech in its discretion), such funds shall be used for such other purpose(s) that are as close as practicable to the purpose(s) set forth herein, as determined by the governing board of Florida Tech in its discretion."

Sample "Purpose" Clauses:

1. "...general support of the educational mission of (enter selected department/school) at Florida Institute of Technology."
2. "...assisting worthy students attending Florida Institute of Technology in successfully completing requirements of their approved Senior Project."
3. "...providing financial aid for students in (designated field) attending Florida Institute of Technology."
"...increasing the permanent endowment funds of Florida Institute of Technology, the annual income to be used tosupport and enhance the educational mission of Florida Institute of Technology."
4. "...support and enhance the academic program offerings in (designated field) and/or related programs at Florida Institute of Technology."

C. Bequest for an Unrestricted Memorial

(Will) "I give to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida (hereinafter "Florida Tech"), _____________ dollars ($________) (or the property herein described), to be used to establish The_____________________Memorial. The funds shall be invested and managed by Florida Tech pursuant to its usual policies and the income generated by these funds shall be used as the governing board of Florida Tech determines so as to best promote its work. The governing board of Florida Tech shall have the right to expend the whole, or any part, of the principal of said sum in the erection of a building or in connection with some specific project or purpose, provided that suitable memorial in the name of ____________________ is established."

(Trust) "The Trustee shall distribute _____________ dollars ($ ________) (or the property herein described) to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida (hereinafter "Florida Tech"), which shall be used to establish The_____________________Memorial. The funds shall be invested and managed by Florida Tech pursuant to its usual policies and the income generated by these funds shall be used as the governing board of Florida Tech determines so as to best promote its work. The governing board of Florida Tech shall have the right to expend the whole, or any part, of the principal of said sum in the erection of a building or in connection with some specific project or purpose, provided that suitable memorial in the name of ____________________ is established."

D. Bequest for a Named Endowment or Memorial Endowment Fund

(Will) "I give to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida (hereinafter "Florida Tech"), _____________ dollars ($________) (or the property herein described) to be known and designated as The ____________________ Fund. The funds shall be made a part of the endowment established by Florida Tech and shall be subject to the endowment's investment and spending policy as may be determined from time to time. The income generated by these funds shall be used for (description of primary purpose, such as scholarship; endowed fellowship, professorship or chair; or support and/or maintenance of academic program or facility)."

(Trust) "The Trustee shall distribute _____________ dollars ($ ________) (or the property herein described) to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida (hereinafter "Florida Tech"), to be known and designated as The ____________________ Fund. The funds shall be made a part of the endowment established by Florida Tech and shall be subject to the endowment's investment and spending policy as may be determined from time to time. The income generated by these funds shall be used for (description of primary purpose, such as scholarships; endowed fellowship, professorship or chair; or support and/or maintenance of academic program or facility)."

(Will and Trust) "If the purpose for which the income is being used becomes frustrated, unreasonably burdensome, or impractical (as determined by the governing board of Florida Tech in its discretion), such funds shall be used for such other purpose(s) that are as close as practicable to the purpose set forth herein, as determined by the governing board of Florida Tech in its discretion."

E. Gift of Residuary Estate

(Will) "I give the entire residue of my estate outright to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida."

(Trust) "The Trustee shall distribute the entire residue of the trust estate outright to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida."

F. Contingent Gift of Residuary Estate

(Will) "I give the entire residue of my estate to my spouse _____________name_____________ if (he/she) survives me. If my spouse does not survive me, I give the entire residue of my estate outright to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida."

(Trust) N/A as unfeasible

G. Gift Dependent of Estate Size

(Will) "I give the greater of _____________ dollars ($________) or _______ percent (___%) of the residue of my estate outright to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida."

(Trust) "The Trustee shall distribute the greater of _____________ dollars ($________) or _______ percent (___%) of the residue of the trust estate outright to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida."

H. Gift to be Free of Taxes

"I direct that no estate or other transfer taxes reduce the amount or share of any gift to be made to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida."

I. Provision for Pledge Payment

(Will) "If any portion of any pledge that I have made to, or for the benefit of, Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida (hereinafter "Florida Tech"), remains unsatisfied at my death, such unpaid portion shall be a claim against my estate by Florida Tech and shall be satisfied in full by my representatives."

(Trust) "If any portion of any pledge that I have made to, or for the benefit of, Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida (hereinafter "Florida Tech"), remains unsatisfied at my death, such unpaid portion shall be a claim against the trust estate by Florida Tech and shall be satisfied in full by the Trustee."

J. Specific Bequest

(Will) "I give the following property: (indicate specific property) outright to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida."

(Trust) "The Trustee shall distribute the following property: (indicate specific property) outright to Florida Institute of Technology, a Florida nonprofit corporation, Melbourne, Florida."