For many alumni and friends of The King’s University, a charitable bequest is the easiest and best way to make a gift to further the Kingdom. By means of your will or other estate plan, you can name The King’s as the beneficiary of a portion of your estate, or of particular assets in your estate.
There are many reasons to make a bequest. A bequest allows you to honor a loved one, while providing critical support to the University through a president’s fund, or another fund underwriting teaching and expansion.
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. To get started, The King’s University invites you to use FreeWill: an online estate planning service that makes it cost-free to create your will, and include the necessary language to support The King’s with a charitable bequest in your plans. You can also pair FreeWill with an attorney for more complex needs.
If you would like to give by bequest, or if you have questions, please contact Bryan Chambers at 817.722.1651 or firstname.lastname@example.org.
Types of Bequests:
The King’s receives a specific dollar amount from your estate.
Bequest of Property
The King’s receives specific assets, such as securities, real estate, or tangible personal property (for example, works of art or antiques).
The King’s receives all or a percentage of the remainder of your estate after the payment of any specific bequests and expenses.
The King’s is designated as a beneficiary of the remainder of your IRA or qualified pension or profit-sharing plan.
Gifts That Pay You Income
You can establish a managed trust or annuity through a bequest. This enables you to arrange for a tax-wise gift to pay income to your spouse, children, or other beneficiaries for life or a term of years, after which the assets pass to The King’s University.
A lead trust can be established through a bequest. The King’s receives income for a term of years from the trust, after which the assets pass to your beneficiaries, often at a much-reduced tax cost.