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Documenting a Bequest

Each year, many alumni and friends reveal that they have included the Krannert in their estate plans. Some provide details about their intentions, in effect "documenting" their generous future gifts for Krannert. Learn how your estate plan can impact tomorrow's leaders in Management! 
   
Here are five good reasons why you should consider sharing and documenting your intentions with Krannert:
   
1. Your Wishes 
Documenting your intentions will help ensure your wishes are met. With respect to designating a specific purpose or establishing an endowment, we will review or provide specific language. It also allows us to keep you apprised of new programs or developments that may impact your intention. 
   
2. Designating a Purpose 
If you have not yet designated a purpose, simply complete a letter of intent, gift agreement, or R.B. Stewart Society online Form to document your wishes. We will confidentially keep copies of your bequest documents in our records for future reference. 
   
3. Inspiring Others 
Estate gifts are a crucial source of continuing support for the School of Management. Upon documenting your bequest, the estimated value will count toward current fundraising goals while inspiring other alumni and friends to follow in your footsteps. 
   
4. Appreciation and Recognition 
Documenting your intentions will allow the University to recognize you now for your future gift. Upon documenting your bequest intention, you will automatically be enrolled as a member of the R.B. Stewart Society. As a member of the R.B. Stewart Society, you will be invited to special University events and will receive a Krannert memento of appreciation. If you wish, you may elect to decline membership. Additionally, you may remain anonymous and exclude your name from any donor listings. 
   
5. No Obligation 
By documenting your intentions, you are in no way entering into a legally binding or irrevocable gift agreement (unless you enter into a binding agreement for specific reasons). You retain the flexibility to change your plans should your circumstances or priorities change. As a courtesy, we kindly ask that you notify us should you update your plans for Krannert.
 
How To Document Your Bequest 

To document your bequest, we humbly request the following items be sent to the Office of Gift Planning: 
   
 ____ Completed R.B. Stewart Society Form and a copy of one of the following documents (if available): 
 ____ portion of your will or trust document referencing the University of Michigan 
 ____ portion of your beneficiary designation form with available pertinent plan information (plan type, name 
         of account owner, plan administrator, most recent market value information) 
 ____ signed gift agreement or gift letter detailing the use of your gift by Michigan

Please contact the Krannert Development Office for specific bequest or endowment language. Our standard bequest language may be found on our website. 
   
Documenting your bequest solidifies a lifelong relationship that allows you to participate in the planning for Krannert's future.