The following is intended to help you and your attorney in drafting a bequest that satisfies your interests. As you consult your attorney on the selection of appropriate wording to reflect your own goals and intentions regarding Northern Illinois University Foundation, be sure our organization’s correct legal name appears in all final documents as:
“Northern Illinois University Foundation, Altgeld Hall, 134 DEKALB, IL 60115 USA, a Illinois nonprofit corporation, or its successor, Federal Tax Identification Number: 36-6086819.”
General Bequest of a stated sum of money or percentage of estate may be worded:
“I give to Northern Illinois University Foundation, Altgeld Hall, 134 DEKALB, IL 60115 USA, an Illinois nonprofit corporation, or its successor, Federal Tax Identification Number 36-6086819 the sum of [insert here the exact dollar amount] OR [insert here percentage] of my estate, for its general purposes.”
Specific Bequest of a certain asset from your estate may be worded:
“I give to Northern Illinois University Foundation, Altgeld Hall, 134 DEKALB, IL 60115 USA, an Illinois nonprofit corporation, or its successor, Federal Tax Identification Number 36-6086819, [insert here a description of the particular property].”
Residuary Bequest, after other bequests and expenses have been paid, may be worded:
“I give to Northern Illinois University Foundation, Altgeld Hall, 134 DEKALB, IL 60115 USA, an Illinois nonprofit corporation, or its successor, Federal Tax Identification Number 36-6086819, all [or a portion] of the rest, residue and remainder of my estate.”
Contingent Bequest if the person making the will is not survived by certain individuals:
“If [name/s of primary beneficiary/ies] do/es not survive me, or shall die within ninety (90) days from the date of my death, or as a result of a common disaster, then I give to Northern Illinois University Foundation, Altgeld Hall, 134 DEKALB, IL 60115 USA, an Illinois nonprofit corporation, or its successor, Federal Tax Identification Number 36-6086819, [insert here the exact dollar amount, description of property, or percentage of residual estate].”