A bequest from your estate requires your attorney to update your will or trust to include language that will direct your personal representative or trustee to pay a certain amount, a particular asset, or a percentage of your estate or trust to Presbyterian College. The funds can be directed for use by the Board of Trustees to fund scholarships, endow a department chair, assist with the mission of the general endowment, build and endow a building, or preserve an existing structure.The gift to Presbyterian College would reduce the value of your estate, therefore reducing estate taxes that may be due upon your death.
And there are benefits for you:
1. Your estate will receive a charitable deduction for the value of the bequest to Presbyterian College.
2. Your will can provide generous support to Presbyterian College.
*As with any financial decision, you should consult your CPA, attorney, and other financial advisors.
For more information, please contact:
Jonathan Polson– Director of Major Gifts and Planned Giving
Office: 864.833.8292 | firstname.lastname@example.org