Restricted Endowment to Educational, Religious, or Charitable Institution

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					    Restricted Endowment to Educational, Religious, or Charitable Institution

        I, (Name of Donor), of (street address, city, state, zip code), hereinafter called the
Donor, desire and intend to make a gift of a certain part of my property. To that end, I
now give, transfer, and deliver to (Name of Educational, Religious, or Charitable
Institution), a nonprofit corporation organized and existing under the laws of the state of
______________, with its principal office located at (street address, city, state, zip
code), referred to herein as Donee), $____________, together with property described
as follows: (description of property), to be invested, sold, or reinvested, alone or in
combination with other funds of Donee by the Trustees of Donee as they see fit. Income
from this sum is to be used exclusively for (describe restricted pur
				
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posted:3/25/2011
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Description: An endowment is a permanent fund of property or money established to benefit an institution or person. It has a specific defined purpose for which the income derived from the money or property is to be applied. In an endowment fund, the principal is invested, and a portion of the investment earnings is spent. The rest of the earnings are directed back into the fund so that the endowment grows over time. In this manner, the endowment becomes a perpetual source of funding for whatever the donor wishes to achieve.
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PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),