About Bequests

 

About Bequests

What are the benefits of making a bequest?

  1. You leave a lasting legacy to be remembered
  2. You lessen the burden of taxes on your family
  3. You may receive estate tax savings

How do I make a bequest?

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to family, friends or Drew University as part of your estate plan.

What are my options?

A bequest can be made in several ways:

  1. You can gift a specific dollar amount or asset
  2. You can gift a percentage of your estate
  3. You can gift from the balance or residue of your estate
  4. You can make a beneficiary designation of certain assets

Sample Bequest Language

Specific Amount

I, ___________________, hereby give, devise, and bequeath to the trustees of Drew University, 36 Madison Avenue, Madison, New Jersey 07940, the sum of $__________ for its unrestricted use and purpose.

Percentage Amount

I, _______________________, hereby give, devise, and bequeath to the trustees of Drew University, 36 Madison Avenue, Madison, New Jersey 07940, _______percent of my estate, for its unrestricted use and purpose.

Residual Amount

I, _______________________, hereby give, devise, and bequeath to the trustees of Drew University, 36 Madison Avenue, Madison, NJ 07940 all (or ____ percent) of the rest, residue, and remainder of my estate, for its unrestricted use and purpose.

Please note that bequests can also be designated for scholarship or other areas of Drew interest. Simply remove “for its unrestricted use and purpose” and indicate the area of interest. We kindly ask you to consult the Office of Gift Planning for verification of your intention.

Drew University highly recommends that prospective donors consult with their personal attorney and/or estate planner.

For more information, please contact the Office of University Advancement at advancement@drew.edu.