Wills and Bequests
One of the most popular vehicles for making future gifts is the will. A charitable bequest can be stated as a dollar amount, a specific property, a percentage of the assets, or the residue of the estate after providing for your loved ones.
A will can also be used to create trusts for wealth management, benefitting your family as well as the College.
Example: Sarah devoted her life to the teaching profession, living a full but frugal life. Dedicated to her students and committed to seeing that others had the opportunity to contribute to the career that she had loved, she provided in her will that one-half of her cash estate be used to establish an endowed scholarship to support deserving, needy students certifying in education at Centenary College. Sarah never made more than a modest teaching salary but was able to make a significant gift. The scholarship, named in her parents' memory, was created with $200,000.