Will or Living Trust
Name FUTI in your Will or Living Trust
A planned provision in a will or living trust is also a great way to leave your legacy. There are several types of bequests to consider, depending on your financial objectives. Please consult with your Trust
administrator, financial advisor or attorney.
- Specific bequest: You bequeath (i.e., make a bequest) to FUTI a specific dollar amount or specific percentage of your estate. Or you bequeath to FUTI specific assets such as securities, real estates or personal property.
- Residuary bequest: You bequeath to FUTI all or a specific percentage of the “rest, residue and remainder” of your estate, after all other specific bequest, debts, taxes and expenses have been paid.
- Contingency bequest: You bequeath to FUTI all or a stated percentage of your estate, if certain circumstances should occur, such as all named beneficiaries pre-decease you.
When you bequeath to FUTI, please consider how your gift should be used to support FUTI.
- Endowment bequest requires FUTI to invest your bequest permanently and spend only the earnings to support FUTI’s activities. Creation of an endowment fund means that your legacy will remain indefinitely. You may specify a program or project of your choice, as in a restricted bequest.
- Unrestricted bequest allows FUTI to decide the allocation of your gift to FUTI’s grant programs where the need is greatest.
- Restricted bequest allows you to specify how your gift should be used. You may wish to designate a specific program of FUTI (e.g., a scholarship program for a UTokyo student). However, it is advisable to add a provision that allows the FUTI Board to determine a program that is closest to your preference, in the event your specified program should become impossible, impractical or illegal.
For further inquiry, please contact us here.