Planned Gifts and BequestsBequests A bequest is a gift made in a will or living trust. Bequests can be made in the form of a specific gift of cash or property, or a percentage of the remainder of an estate or trust. The language in a bequest should specifically name the University by its Legal Title: “The Trustees of Columbia University in the City of New York” and direct the gift to the College of Physicians and Surgeons. Should you wish to support a particular department, program, or purpose within P&S, you should clearly state so. The full amount of the bequest is usually deductible for estate tax purposes. Planned Giving By including P&S in your financial and estate plans, you may create a steady income and provide future support for P&S. A variety of planned giving vehicles allow you to make a substantial gift while still providing for your personal financial needs. |
