The University of Chicago is profoundly grateful for bequests, which leave an enduring impact on education and research. You can include the University in your legacy by providing for a gift of cash, securities, real estate, or other assets in your will. Bequests can take the form of a designated sum or asset, or alternatively, a percentage of your residuary estate.
Benefits of a bequest
The value of your bequest to the University is fully deductible for tax purposes. You may also establish an income-producing planned gift for the benefit of others through your will, thereby reducing your taxable estate. A bequest, whether outright or to fund a planned gift, can be a useful and advantageous addition to your estate plan.
Communicating your wishes
If you have provided for the University in your estate plans but have not previously notified the University of your intentions, please contact the Office of Gift Planning at 866.241.9802 or firstname.lastname@example.org. Sharing your plans with us allows us to express our gratitude to you during your lifetime, ensures that your wishes will be met, and also assists the University’s long-term planning efforts.
Sample bequest language is available to help you, your legal adviser, or your financial planner communicate your wishes.
Disclaimer: The information above is intended to assist you in your tax, estate, and charitable planning. It is not legal advice and should not be relied upon as such. Learn more about the information on this website.