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- Planned Giving Opportunities |
- Heritage Circle
- Estate Planning Strategies Chart |
- Planned Giving Resources
Bequests
Bequests are gifts through wills or living trusts and are considered to be one of the easiest and most popular planned gifts. Bequests are revocable.
Juniata will accept bequests of, but not limited to, cash, real estate and tangible personal property such as works of art, coin collections, antiques, etc. where such gifts will further the work of the institution.
Bequests can be made of specific assets or amounts. For the greatest flexibility, bequests can be stated as a percentage of the total estate.
Restricted gifts can be designated for scholarships, awards, professorships, research, facilities, lectureships, library funds and many other uses.
Click here for Sample Bequest Language.
If you are naming Juniata College in your will, please print out and complete our Confidential Record of Estate Intentions Form and mail it to Kim Kitchen, Director of Planned Giving, Juniata College, 1700 Moore Street, Huntingdon, PA 16652.
If you name Juniata College in your will, you qualify as a member of the Heritage Circle.
Six Ways to Make Juniata a Beneficiary of Your Will
- General bequest - a sum of money or property or a percentage of your estate for Juniata's unrestricted use.
- Designated bequest - gift for a specific purpose.
- Residuary bequest - money or property left over after all specific bequests have been made.
- Contingency bequest - a gift to an alternate beneficiary in case your designated heirs have died.
- Memorial fund - a gift through which you can honor the memory of someone.
- Testamentary trust - a trust fund established in your will provides beneficiaries with lifetime income and the remainder is gifted to Juniata at their death.
Why Is a Will Important?
- If you die without a will (in legal terms "intestate"), the court decides how, when and to whom your property is distributed.
- You can reduce (or maybe even eliminate) estate taxes and save taxes in a survivor's estate.
- You can support your favorite charitable organizations.
- You can designate the guardian for your children or those under your care.
- You can name your executor to manage and settle your estate.
- Through a pourover will, you can transfer assets to your living trust, bypassing probate.
- You can create trusts to provide for your spouse, children and others.
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