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 meaningful, lasting impact at Verbum Dei Jesuit.
Regardless of your life circumstances, having a plan ensures that your assets are distributed according to your wishes while supporting causes that matter most to you.
Flowchart:
Donor makes a gift to Verbum Dei Jesuit 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. Alternatively, you may also name Verbum Dei Jesuit 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 in your will or revocable trust.
- Designate Verbum Dei Jesuit as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b), or pension).
- Name Verbum Dei Jesuit 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.
Bequests at a Glance
To Discuss Your Gift Contact:
Gifts can be mailed to:
Tax ID: 30-1232767