A bequest is a gift from an estate, as directed through the will of the deceased. Bequests are the most common type of planned giving.
By making a bequest to the Center for the Environment at Catawba College, you leave a legacy that supports your desire to protect our environment for generations to come.
Such a bequest may also reduce estate taxes and provide your heirs with a lifetime income from your estate.
A bequest to the Center for the Environment is a flexible and efficient planned giving option that can be composed of various types of gifts, including:
- Cash - Checks should be made payable to the Center for the Environment at Catawba College.
- Securities - The Center for the Environment at Catawba College accepts publicly traded securities such as: stock shares, mutual fund shares, and bonds. The Center also accepts closely held securities including: debt and equity positions in non-publicly traded companies and interests in limited partnerships (LPs) and limited liability companies (LLCs).
- Life Insurance - You may name the Center for the Environment at Catawba College as a beneficiary or contingent beneficiary of your life insurance policies. The Center may also be named as the owner of whole life insurance policies.
- Retirement Benefits - You may name the Center for the Environment at Catawba College as a beneficiary of your retirement plans, such as pension plans, annuity contracts, 401(k) plans, 403(b) plans, and Individual Retirement Accounts.
- Real Estate - The Center accepts gifts of real estate, such as developed property, undeveloped land, or a remainder interest in a personal residence, farm, or vacation home.
TYPES OF BEQUESTS:
The following types of bequests are accepted by the Center for the Environment:
- Specific Bequest - A specific item, such as securities or a certain amount of money, or a stated percentage of a piece of real estate, may be designated as a bequest to the Center for the Environment.
- Residuary Bequest - The remainder of an estate may be designated as a bequest after all other expenses from the estate are paid and all other bequests are fulfilled.
- Contingent Bequest - If bequests to other individuals, organizations, etc. cannot be fulfilled (e.g. due to the fact that the donor outlived heirs) a bequest may be designated to the Center for the Environment.
- Charitable Request - A charitable remainder trust can be established through a bequest, as well as through other planned giving arrangements. (Please see Charitable Remainder Trust.)