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Bequest language

The official legal bequest language for Rensselaer Polytechnic Institute can be found on our Bequest Language link.


HOW RENSSELAER WILL USE YOUR UNDESIGNATED ESTATE GIFT

Our policy for the use of undesignated testamentary gifts is based on the size of your gift:

Less than $100,000: Rensselaer Annual Fund
   
$100,000 or more: Designated by the president and trustees. Most of these dollars go to the endowment or are used for facilities.


GIFT DESIGNATIONS YOU MAY WANT TO CONSIDER

Current Operations: These gifts are used in their entirety to pay for current expenses. Possible designations include one of Rensselaer's five Schools, an Academic Department, a research program, a facility, an athletic team or the Rensselaer Annual Fund. Please check with us on other designations to determine if we will be able to use your gift in the manner you desire.

General Endowment Funds and Donor Named Endowment Funds: The endowment supports ongoing operations of the Institute. Rensselaer spends approximately 5% of the value of the endowment each year and reinvests any excess income and appreciation for future use. Named endowment funds provide permanent name recognition for the donor or other designated person(s). Possible designations and gift minimums are as follows:

General Endowment Funds Gift Minimum
Athletics Department $10,000
Rensselaer Unrestricted None
Scholarship
   Architecture $10,000
   Engineering $10,000
   Humanities, Arts & Social Sciences $10,000
   Lally School $10,000
   Science $10,000
   Unrestricted None

Donor Named Endowment Funds Gift Minimum
Unrestricted scholarship $200,000
Restricted scholarship $250,000
Graduate fellowship $400,000
Career Development Chair $1,500,000
Senior Chair $3,000,000







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