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Bequests

If you are looking for a way to support the University while reducing your estate’s tax liability, a bequest, made through your will or a trust, is one of the easiest, most flexible, and popular ways to combine these two interests.You designate our organization as the beneficiary of your asset by will, trust, or beneficiary designation form.

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 give a specific dollar amount or asset.
  2. You can give a percentage of your estate.
  3. You can give 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 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 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 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. Simply remove “for its unrestricted use and purpose” and indicate the area of interest. We kindly ask you to consult the Advancement office for verification of your intention.

CONTACT US

If you have any questions about bequests, please contact us. We would be happy to assist you.