Charitable Bequest
A charitable bequest is one of the most popular and flexible ways to ensure peace of mind for yourself and your loved ones, as well as support current and future Broncos.
Benefits of a bequest
- Receive an estate tax charitable deduction.
- Reduce your family?s tax burden.
- Leave a Bronco legacy.
How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Western Michigan University Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.
Here are some of the ways to leave a bequest to Western Michigan University Foundation
- Include a bequest to Western Michigan University Foundation in your will or revocable trust
- Designate Western Michigan University Foundation as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Western Michigan University Foundation as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Percentage bequest - Make a gift of a percentage of your estate.
- Specific bequest - Make a gift of a specific dollar amount or a specific asset.
- Residual bequest - Make a gift from the balance or residue of your estate.
Contact us
Questions about leaving a bequest? Please contact us and we'd be happy to answer them.
If you've already arranged for a bequest to Western Michigan University Foundation through your estate plan, thank you! Be sure to let us know about your gift, so we can recognize you and your family for your generosity and welcome you to our 1903 Society .
Additional Information
The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to Western Michigan University Foundation. The full value of this gift will be transferred tax free, and your estate will receive an estate tax charitable deduction.