As an independent, coeducational institution of liberal arts and sciences, Bates College relies on the
generosity of public-spirited men and women for substantial support.
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 to its academic purpose. Inquiries regarding gifts or bequests
should be addressed to Elizabeth L. Ferguson, Development Office, Bates College,
Lewiston, Maine 04240 (207-786-6242).
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
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
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