Charitable Bequest
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Longwood University that will make a lasting impact.
Benefits of a bequest
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to charity
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 Longwood University 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 Longwood University
- Include a bequest to Longwood University in your will or revocable trust
- Designate Longwood University as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Longwood University as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Percentage bequest - make a gift of a percentage of your estate
- Residual bequest - make a gift from the balance or residue of your estate
Contact us
If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to Longwood University as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.
