Making a bequest
To make a gift to the University of North Florida from your estate, you must sign a new will or trust instrument, add a codicil to your present will, or make an amendment to your present trust instrument. To ensure that your exact intentions are carried out, estate-planning documents should be prepared in consultation with an attorney and discussed with the Office of Planned Giving at the University of North Florida. Bequests to the University of North Florida can include cash, securities, real estate, other property, a percentage of the residue of your estate or all the residue of your estate.
Tax and other advantages of making a bequest
Federal Estate Tax Savings An outright gift to the University of North Florida from your estate—whatever the amount, and whether it is expendable or for endowment—is entirely free from federal estate taxes. This means the University is able to use the full amount of the bequest, whereas if it were left to an individual, a significant amount (up to 55 percent) might go to estate taxes. Other advantages of bequests Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that your future gift will live on. Bequests are very private too. You may make a bequest anonymously and change it at any time. With bequests of $25,000 or more, you may create a separate fund named after yourself or someone else you wish to honor. Named funds remain visible in the University of North Florida community because of the people and activities they support. As a result, such funds also encourage others to give.
Choosing how your bequest will be used
There are various options when making gifts by bequest. Here are a few for your consideration.
For more detailed information about bequests contact:
Chris Decent, Assistant Vice President for Alumni Engagement and Annual Giving
(904) 620-2130 or E-mail:firstname.lastname@example.org
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