Bequests
A bequest is one method by which you may make a significant gift to benefit Louisiana Tech University. You may make your bequest through the Louisiana Tech University Foundation, Inc. by making a new will or adding a codicil to your current will. The Louisiana Tech University Foundation, Inc. is a nonprofit corporation established to raise and manage private support to sustain educational excellence at Louisiana Tech University.

To ensure that your exact intentions are carried out properly, wills and codicils should be prepared by and with the advice of your attorney. You may make the bequest in the form of cash, real estate, securities or other property. The State of Louisiana has no restrictions on the amount you may designate to assist the university.

Use of your Bequest
You may restrict your bequest to a specific purpose, or you may designate your gift as unrestricted, which will give the Louisiana Tech University Foundation the flexibility to meet unexpected opportunities that will benefit the university.

Your bequest can also establish an endowed fund in your name or the name of someone you wish to honor. The spendable income, but not the principal, from endowed funds provides continuing support for programs such as library collections, scholarships, and professorships and eminent scholar chairs.

Tax Savings
Outright bequests to the Foundation, whatever the amount, are free from federal estate taxes and the inheritance taxes of many other states. Such bequests are an excellent estate planning tool and can result in substantial tax savings.

If you make a bequest to the Louisiana Tech University Foundation, please inform the Foundation of your plans. This will enable us to show our appreciation of your generosity and to include your support in planning for the future of Louisiana Tech University. Alumni and friends who notify the Foundation that they have remembered Tech with a bequest are invited to join the McCann Society. The society is named in honor and memory of Melvin McCann, a 1940 Tech graduate who established a $1,000,000 charitable remainder trust to provide scholarships for deserving students.