As an independent, coeducational institution of liberal arts and sciences,
Bates College relies on the generosity of
public-spirited men and women for
The College offers a variety of opportunities for giving, and federal and most
state tax laws provide certain tax advantages for donors to colleges and
universities. Gifts of cash, securities, real estate or other valuable
property, and life insurance can be given in ways to take maximum advantage of
charitable-deduction tax provisions.
Gifts establishing endowed funds can be named to honor a professor, a family
member, or the donor. Careful planning with College officials can maximize gift
benefits for both the donor and Bates, especially when a specific purpose for
the fund is intended, or when financial and estate planning is involved.
Traditionally, bequests to the College have been a significant source of its
voluntary financial support. The following are phrases that an attorney might
use to make provision for Bates College in a Will:
The legal name of the corporation is "President and Trustees of Bates College."
Bates College welcomes an opportunity to offer detailed information on the
different methods of making a deferred gift by agreement or by Will. It extends
a cordial invitation to anyone to join in the strong commitment of its academic
purpose. Inquiries regarding gifts or bequests should be addressed to Gene
Taylor '56, Planned Giving Officer, Development Office, Bates College,
Lewiston, Maine 04240.
I give and bequeath to the President and Trustees of Bates College, Lewiston,
Maine, ***the sum of ________ dollars to be used for the general purposes of the
College at the discretion of its Board of Trustees.
General Endowment Gift -- Income Only To Be Used
the sum of ________ dollars to be held in trust and the spendable income only to be
used for the general purposes of the College at the discretion of its Board of
Trustees. The fund shall be known as the ________Fund.
For Particular Purposes -- Principal and Income To Be Used
the sum of ________ dollars and direct that the principal and the income therefrom shall be used for the purposes following: (here specify in detail the purposes).
For Particular Endowment Purposes -- Income Only To Be Used
the sum of ________ dollars to be held in trust and the net income only to be used for the following: (here specify in detail the purposes). The fund shall be known
as the ________ Fund.
When a gift is intended to establish an endowed memorial fund, a sentence may
be added to the form: "This gift is made in memory of ________ and shall be known as the ________ Fund."
A phrase similar to the following may be a safeguard against loss of usefulness
of a restricted gift: "If it is found by the Trustees of the College that all
or part of this gift cannot be used to the best advantage for the above
purpose, then all or any balance of this gift not so expended may be used for
any purpose approved by said Trustees which is within the corporate powers of