University of Arkansas at Little Rock

These are only suggested forms, and variations may be advisable. Under any circumstances, these forms should be used only with the advice of an attorney.

A.Wills

1. Unrestricted Bequest:

 “I give, devise and bequeath to The University of Arkansas Foundation, Inc., the sum of $                               
dollars (or the following described property) for the benefit of the University of Arkansas at Little Rock.”

OR

“I give, devise and bequeath to The University of Arkansas Foundation, Inc.,                                        
 shares of XYZ Corporation common stock, for the benefit of the University of Arkansas at Little Rock.”

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2. Designated Bequest:

“I give, devise and bequeath to The University of Arkansas Foundation, Inc., the sum of $                    
           
dollars (or the following described property or assets) for the benefit
of the (college, school, department, division, project or program) at
the University of Arkansas at Little Rock.”

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3. Bequest Restricted as to Purposes:

“I give, devise and bequeath to The University of Arkansas Foundation, Inc., the sum of $                    
           
dollars (or the following described property or assets) for the benefit
of the University of Arkansas at Little Rock, to be used for the
following purposes:                                                    
 (set forth purpose or purposes).”

OR

“to be used in accordance with a memorandum of understanding dated                         
, 2000, on file with The University of Arkansas Foundation, Inc.”
(Memorandum of understanding should be in existence at time will is
signed.)

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4. Bequest to Establish an Endowed Fund:

“I give, devise and bequeath to The University of Arkansas Foundation, Inc., the sum of $                    
           
dollars (or the following described property or assets) to be used to
establish The John Doe Endowed (professorship, scholarship, fellowship,
chair, etc.) Fund for the benefit of the College (or School) of                                         
 at the University of Arkansas at Little Rock, with the income only to be used for said purpose.”

OR

“with the income only to be used in accordance with a memorandum of understanding dated                 
            ,
2000, on file with The University of Arkansas Foundation, Inc.”
(Memorandum of understanding should be in existence at time will is
signed.)

5. Bequest to Add to an Existing Endowed Fund:

“I give, devise and bequeath to The University of Arkansas Foundation, Inc., the sum of $                    
           
dollars (or the following described property or assets) to be added to
The John Doe Endowed (professorship, scholarship, fellowship, chair,
etc.) Fund for the benefit of the College (or School) of     
                                               
 at the University of Arkansas at Little Rock, with the income only to be used therefor.”

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6. Residual Bequest – Unrestricted:

“I give, devise and bequeath all of the rest of my estate (or                percent
of the rest of my estate) to The University of Arkansas Foundation,
Inc., for the benefit of the University of Arkansas at Little Rock.”

7. Residual Bequest – Designated:

“I give, devise and bequeath all of the rest of my estate (or                      percent
of the rest of my estate) for the benefit of the (college, school,
department, division, project or program) at the University of Arkansas
at Little Rock.”

8. Residual Bequest – Restricted:

“I give, devise and bequeath all of the rest of my estate (or                      percent
of the rest of my estate) for the benefit of the University of Arkansas
at Little Rock, to be used for the following purposes:
                                                                       
 (set forth purpose or purposes).”

9. Contingent Provision:

“If
any of the above beneficiaries should predecease me, then I give the
property, real or personal, that each such beneficiary would have
received had he (or she) survived me, to The University of Arkansas
Foundation, Inc., for the benefit of the University of Arkansas at
Little Rock.”

 

B. Trusts

1. Unrestricted Provision:

“Trustee shall distribute to The University of Arkansas Foundation, Inc., the sum of $                            
dollars (or the following described property) for the benefit of the University of Arkansas at Little Rock.”

OR

“Trustee shall distribute to The University of Arkansas Foundation, Inc.,                                               
 shares of XYZ Corporation common stock, for the benefit of the University of Arkansas at Little Rock.”

2. Designated Provision:

“Trustee shall distribute to The University of Arkansas Foundation, Inc., the sum of $                            
dollars (or the following described property or assets) for the
benefit of the (college, school, department, division, project or
program) at the University of Arkansas at Little Rock.”

3. Provision Restricted as to Purposes:

“Trustee shall distribute to The University of Arkansas Foundation, Inc., the sum of $                            
dollars (or the following described property or assets) for the
benefit of the University of Arkansas at Little Rock, to be used for
the following purposes:                           
(set forth purpose or purposes).”

OR

“to be used in accordance with a memorandum of understanding dated                         
, 2000, on file with The University of Arkansas Foundation, Inc.”

4. Provision to Establish an Endowed Fund:

“Trustee shall distribute to The University of Arkansas Foundation, Inc., the sum of $                            
dollars (or the following described property or assets) to be used
to establish The John Doe Endowed (professorship, scholarship,
fellowship, chair, etc.) Fund for the benefit of the College (or
School) of     
                                               
 at the University of Arkansas at Little Rock, with the income only to be used therefor.”

OR

“with the income only to be used in accordance with a memorandum of understanding dated                 
            , 2000, on file with The University of Arkansas Foundation, Inc.”

5. Provision to Add to an Existing Endowed Fund:

“Trustee shall distribute to The University of Arkansas Foundation, Inc., the sum of $                            
dollars (or the following described property or assets) to be
added to The John Doe Endowed (professorship, scholarship, fellowship,
chair, etc.) Fund for the benefit of the College (or School) of     
                                               
 at the University of Arkansas at Little Rock, with the income only to be used therefor.”

6. Residual Provision – Unrestricted:

“Trustee shall distribute the remainder of the trust estate (or                    percent
of the remainder of the trust estate) to The University of Arkansas
Foundation, Inc., for the benefit of the University of Arkansas at
Little Rock.”

7. Residual Provision – Designated:

“Trustee shall distribute the remainder of the trust estate (or                    percent
of the remainder of the trust estate) for the benefit of the (college,
school, department, division, project or program) at the University of
Arkansas at Little Rock.”

8. Residual Provision – Restricted:

“Trustee shall distribute the remainder of the trust estate (or                    percent
of the remainder of the trust estate) for the benefit of the University
of Arkansas at Little Rock, to be used for the following purposes:                                                                    
(set forth purpose or purposes).”

9. Contingent Provision

“If
any of the above beneficiaries should predecease the settlor, then
trustee shall distribute the property, real or personal, that each such
beneficiary would have received had he (or she) survived settlor, to
The University of Arkansas Foundation, Inc., for the benefit of the
University of Arkansas at Little Rock.”

 

C. Changed Conditions

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If
the will bequest or trust provision is for a limited or restricted
purpose, it is suggested that the following clause be inserted:

“If the Department of                                       
 in the College of                                              
 ceases to exist and all or part of these funds cannot be used
as originally intended, the Chancellor of the University of Arkansas at
Little Rock may redirect the funds for use in programs that are as
closely compatible with my original intent as possible and that are in
the best interests of the University of Arkansas at Little Rock.”

These are only suggested forms, and variations may
be advisable.  Under any circumstances, these forms should be used
only with the advice of an attorney.