Gift Planning
Learn how others have made an impact through their acts of giving to our organization and others. Explore the many benefits of charitable gift planning.
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Find out What to Give and learn about the best assets to make a planned gift. Learn about gifts of cash, securities and property. Learn How to Give and discover gift options that provide tax and income benefits. Discover the best planned gift to meet your goals.
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You are at: Planned Giving > Learn About Wills
Learn About Wills
A bequest is a designation in your will or living trust that provides for a gift to University of Mary Washington after your lifetime. It can be arranged as a part of your initial estate planning or with an amendment to your existing plan.
A bequest is revocable, meaning that you retain full control over your belongings during your lifetime should you need them. It's flexible-you can name as many charitable beneficiaries as you would like, and specify what each will receive. In addition, your estate is entitled to an estate tax deduction for the full amount of the bequest gift.
What are the benefits of making a bequest?
- You create a lasting and personal legacy that ensures UMW's future
- You lessen the burden of taxes on your family
- You may receive estate tax savings
How do I make a bequest?
What are my options?
- You can gift a specific dollar amount or asset
- You can gift a percentage of your estate
- You can gift from the balance or residue of your estate
- You can make a beneficiary designation of certain assets