˽ÈËÓ°Ôº

A bequest is a direction by Will to give property. Bequests may be stated as a percentage of an estate, as the residual of the estate or as a specific dollar amount. This type of gift can make a significant difference to ˽ÈËÓ°Ôº's future.

By making a bequest in your Will it may be possible for you to give a substantial gift to ˽ÈËÓ°Ôº today that won't affect your current lifestyle. You can choose to leave some or all of your estate to ˽ÈËÓ°Ôº, which could include money, investments, property, real estate or other parts of your estate.

While planned today, a bequest is not paid to ˽ÈËÓ°Ôº until the donor passes away and usually takes one of the following forms:

• An unrestricted bequest allows the University to use the donor's gift where it is felt to be needed most.
• A restricted bequest is a gift with a specific purpose. The donor may specify the gift be used for a particular area of interest in a specific faculty or department.
  
  

With careful planning, a bequest can eliminate most, if not all, the taxes payable on death. The donor's executor can claim bequests equal to 100% of the net income on the deceased donor's final two tax returns.

By advising us now that you have included ˽ÈËÓ°Ôº in your Will, you will be allowing us to recognize your generosity today. All requests for anonymity are absolutely respected.

Bequests should name "The Governors of ˽ÈËÓ°Ôº" as the beneficiary. Should you require any assistance, such as recommended wording for your Will, we would be more than pleased to provide this information.

If you are considering a gift to ˽ÈËÓ°Ôº, we strongly recommend that you seek professional financial and legal advice that takes into account your unique circumstances. We also urge you to discuss your gift with a University official prior to finalizing the details of your gift arrangement.

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