Making a Bequest to ONU
Over the years, bequests of all sizes have played an important role in the growth and success of Ohio Northern University. As a main source of endowment support, bequests help ensure Northern’s financial stability for future generations.
Supporting ONU Through Your Estate Plan
The following includes several examples of suggested bequest wording to benefit Ohio Northern University. ONU is an independent, nonprofit, tax-exempt corporation founded in 1871.
Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with the Ohio Northern University’s Office of Gift Planning to ensure that your wishes will be properly followed and that you can be recognized as a member of the ONU Heritage Club.
To ONU for Unrestricted Purposes
I hereby give, devise, and bequeath to Ohio Northern University, a nonprofit corporation in Ada, Ohio, ________percent (%) of the rest, residue, and remainder of my estate for the unrestricted benefit of Ohio Northern University.
To Support a Specific College, Department, or Program
I hereby give, devise, and bequeath to Ohio Northern University, a nonprofit corporation in Ada, Ohio, ________ percent ( %) of the rest, residue, and remainder of my estate for the benefit of Ohio Northern University _____________, college, department, or program.
Specific Amount for Unrestricted Purpose
I hereby give, devise, and bequeath to Ohio Northern University, a nonprofit corporation in Ada, Ohio, the sum of ___________ dollars ($) as an unrestricted gift to be used in the area of greatest need at the time the gift is received.
Specific Amount for a Specific Purpose
I hereby give, devise, and bequeath to Ohio Northern University, a nonprofit corporation in Ada, Ohio, the sum of ___________ dollars ($) to be used for _____________________________ at Ohio Northern University.
It is understood and agreed that should the purpose for which this bequest is instituted ceases to exist, then the Board of Trustees at Ohio Northern University may devote said bequest for such other uses and purposes as it determines to be in accordance with my original intent in making this gift.
To assist you with your plans, the Office of Gift Planning can provide sample language for the program or area you wish to support. This confidential service is available to you without obligation.
Disclaimer: Neither the author nor Ohio Northern University is engaged in rendering legal or tax advisory service. For advice and assistance in specific cases, the services of an attorney or professional advisor should be obtained. State laws govern wills, trusts, and charitable gifts made in contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.
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