I give, devise and bequeath * to the Board of Regents of The University of Texas System
("Board") for the use and benefit of The University of Texas Health Science Center at San Antonio.
Option A - Gift for General Use
This gift shall be used in support of (state purpose). These funds shall never become a part
of the Permanent University Fund, the Available University Fund or the General Fund of the State of Texas and shall never be subject to appropriation by the
Legislature of the State of Texas.
Option B - Gift to Create an Endowment
This gift shall be used to create the (name of endowment**) and shall be held in perpetuity
for the benefit of the [SCHOOL, DEPARTMENT]
The endowment shall never become a part of the Permanent University Fund, the Available
University Fund or the General Fund of the State of Texas, and shall never be subject to appropriation by the Legislature of the State of Texas. These funds
and all future gift additions to the endowment, reinvestments, and required matching funds referenced in this agreement (including those made by the Board
or the UTHSCSA), shall be subject to the provisions of this agreement and shall be classified as permanent endowment funds.
Changes to the terms of this agreement require a written amendment, signed by the same Donors
who sign this agreement, so long as they are living and competent to act, and agreed to by the signing Donors, the UTHSCSA, and the Board. Individuals and
entities who make additional gifts to the endowment, but who are not signers to this agreement, shall have no authority to consent to changes, nor shall the
Board or the UTHSCSA be required to provide notice or obtain consent from additional donors to the endowment. If unforeseen circumstances alter or remove
the subject area or the purpose of this endowment from the UTHSCSA's mission or if the purposes for which the endowment is established become illegal,
impracticable, or are no longer able to be carried out to meet the needs of the UTHSCSA, the Board may designate an alternative use for the endowment payout
in accordance with applicable state law to further the objectives of the UTHSCSA in the spirit of the original purpose.
Donors agree that the Board and the UTHSCSA may amend this agreement if required to maintain
the public trust or protect the mission and integrity of the UTHSCSA.
IV. INVESTMENT, PAYOUT AND REINVESTMENT
These endowment funds may be merged or commingled with other funds held by the Board for
investment purposes in accordance with the policies of the Board. In connection with administration and management of the endowment funds, and in order to
support development efforts to enhance the institution's philanthropy, the Board may authorize allocations against the endowment. Funds distributed from the
endowment in a year may be retained and expended for the purposes of the endowment in subsequent years, or may be reinvested, at the discretion of the Board
or the UTHSCSA, as a permanent addition to the principal of the endowment.
PLEASE CONSULT YOUR LEGAL AND/OR TAX COUNSEL
BEFORE DRAFTING ANY LEGAL INSTRUMENT