The simplest form of bequest is a provision in a will making an outright gift of money or property to the Alcorn State University Foundation, Incorporated. Gifts through your will are not subject to Federal Estate Taxes and thus substantially reduce the tax liability of your estate. If you wish, you may restrict your gift to a particular department or program. Also, you may direct that the corpus be held in trust, with only the income being used.
The basic wording for your will which your attorney will need, is “I give, devise, and bequeath to the Alcorn State University Foundation, Incorporated, organized. chartered, and operated under the laws of the State of Mississippi, with offices at Room 517 Walter Washington Administration Building, Alcorn State University, Alcorn State, Mississippi, the sum of $_______________ (percentage of your estate, a specific amount, or the particular item of property you are giving).”