Bequests
Bequests are perhaps the simplest way to give to UNH. You can make a bequest by including the University in your will as a specific cash amount, a percentage of your estate, or specific assets such as securities or real estate. A will allows you to decide how to distribute your assets and structure the plan to reduce the impact of estate taxes. Bequests are an extremely flexible planned giving option because they can be changed any time a will’s provisions are changed. Charitable bequests are fully deductible for federal estate tax purposes.
Sample Bequest Language
A general bequest:
“I give to the University of New Hampshire Foundation Inc. of Durham, New Hampshire, the sum of ____ dollars ($____) for the general purposes of the University of New Hampshire.”
A specific bequest:
“I give to the University of New Hampshire Foundation Inc. of Durham, New Hampshire, my (describe specific property).”
A residuary bequest:
“I give ___ percent of the rest of my property to the University of New Hampshire Foundation Inc. of Durham, New Hampshire.”
Gifts for a preferred purpose:
“I give ___ to the University of New Hampshire Foundation Inc. of Durham, New Hampshire, for the use of ____ school/college. Without imposing any restrictions upon this bequest, I request that it be used for _____.”
Tax and related laws vary from state to state and change often. We recommend you consult with your professional advisers when considering making a bequest.
