Â鶹´«Ã½

Learn About Wills and Bequests

Planned Giving Intention Forms

What are the benefits of making a bequest?

  1. You leave a lasting legacy
  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 Â鶹´«Ã½ 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

How do I get started?

Private support to Kent State is accepted, invested and disbursed by the Â鶹´«Ã½ Foundation Inc., a private 501(c)3 foundation with Federal Tax ID #34-657-6307.

The legal name for all gifts through wills, trusts or beneficiary forms is the Â鶹´«Ã½ Foundation Inc. If a gift is for a regional campus, use the Â鶹´«Ã½ Foundation Inc./[insert name of regional campus].

Please contact us with any questions about wills or bequests. 

A specific bequest...

A specific bequest names a specific asset or amount to be left to the foundation, such as certain stocks, bonds, a cash amount, real estate or collectible items. The language of a specific bequest may appear in the will as follows:

I leave [name asset] to the Â鶹´«Ã½ Foundation Inc. This asset is to be used according to the most recent guidelines as executed by myself, the university and the Â鶹´«Ã½ Foundation.

A percentage bequest...

A percentage bequest names a percentage of the entire estate. The language here might appear as follows:

I leave [X%] of my entire estate to the Â鶹´«Ã½ Foundation Inc. These assets are to be used according to the most recent guidelines, as executed by myself, the university and the Â鶹´«Ã½ Foundation.

A residuary bequest...

A residuary bequest is a bequest of assets from the estate not named in the other parts of the will. The language for this type of bequest may appear as follows:

I leave my residuary estate to the Â鶹´«Ã½ Foundation Inc. These assets are to be used according to the most recent guidelines, as executed by myself, the university and the Â鶹´«Ã½ Foundation.

© 2024 Â鶹´«Ã½ All rights reserved.