When you leave a bequest to the U, you can make a generous gift without reducing your current income. Gifts in wills or revocable trusts account for a major portion of the University's endowment and provide significant funding for U of M programs, facilities, and student aid. You can specify the colleges or programs that you wish your gift to benefit. You also can create special funds in your name or in memory of loved ones.
Charitable bequests are normally deductible in full for estate tax purposes.
You retain use of the assets during your life. You also can set up trusts or gift annuities through your will or revocable trusts. Bequests should be made to the University of Minnesota Foundation, which has been designated by the Board of Regents as the central development office for the University. Pursuant to Memorandum of Agreement.