Legal Name: The School of the Art Institute of Chicago
Incorporated in: Chicago, IL
Address: 37 S. Wabash Ave., Chicago IL 60603
Tax ID: 36-2167725

 

Suggested Language to Designate a Bequest to SAIC:

The following language is suggested for use in making an unrestricted bequest:

"I give (the sum of _____ dollars) OR (all or ____percent of the residuary of my estate) to The School of the Art Institute of Chicago, 37 S. Wabash Ave., Chicago, IL 60603, tax ID number 36-2167725.”

 

The following language is suggested for use in making a restricted bequest:

"I give (the sum of _____ dollars) OR (all or ____percent of the residuary of my estate) to The School of the Art Institute of Chicago, 37 South Wabash Avenue, Chicago, Illinois, 60603, tax ID number 36-2167725, for: (state purpose: i.e. general school purposes, a scholarship fund, or a particular department)*.

*Please contact SAIC before finalizing your will to discuss restriction options.

 

The following language is suggested for use in establishing an endowment for a specific purpose:

"I give (the sum of _____ dollars) OR (all or ____percent of the residuary of my estate) to the School of the Art Institute of Chicago, 37 South Wabash Avenue, Chicago, Illinois 60603, tax ID number 36-2167725, to create an endowed fund, the earnings from which, subject to the Institute's then current spending policy, are to be used for the following purpose: (state purpose).*

*Please contact SAIC before finalizing your will to discuss restriction options.

 

Inclusion of the following language will assure that your endowment bequest will always remain productive:

"If at any time in the judgment of the Trustees of the School of the Art Institute of Chicago the designated use of this bequest is no longer practicable or appropriate, then the trustees shall use the bequest to further the general purposes of SAIC, giving consideration, where possible, to my special interest as described above."

 The material presented on this Planned Giving page is not offered as legal or tax advice.