Charitable Bequests

Leaving a Legacy with a Charitable Bequest to Verbum Dei Jesuit High School

A charitable bequest is one of the simplest and most flexible ways to make a lasting impact through a gift to Verbum Dei Jesuit High School.

No matter your life circumstances, it's essential to have a plan that outlines how your assets will be distributed after your passing.

Flowchart:

Donor includes a gift to family and Verbum Dei Jesuit High School through a will or trust.

Benefits of a Bequest

Receive an estate tax charitable deduction
Reduction of the tax burden on your family
Opportunity to leave a lasting legacy to a cause you care about

How a Bequest Works

A bequest is one of the easiest gifts to arrange. With the assistance of an attorney, you can include specific instructions in your will or trust to designate a gift to your loved ones and/or Verbum Dei Jesuit High School. Alternatively, you may also name Verbum Dei Jesuit High School as a beneficiary using a beneficiary designation form.

Ways to Leave a Bequest to Verbum Dei Jesuit High School

Include a bequest to Verbum Dei Jesuit High School in your will or revocable trust.
Designate Verbum Dei Jesuit High School as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b), or pension).
Name Verbum Dei Jesuit High School as a beneficiary of your life insurance policy.

Types of Bequests

Percentage Bequest: Donate a percentage of your estate.
Specific Bequest: Contribute a specific dollar amount or a particular asset.
Residual Bequest: Give from the remaining balance of your estate after other bequests have been fulfilled.

Sample Bequest Language

To include a bequest to Verbum Dei Jesuit High School in your estate plan, consult with your attorney. They can help you draft the necessary language to ensure your wishes are clearly expressed. Below is an example of basic bequest language to guide you and your attorney in this process.