You can make a powerful difference in our University’s future by including Clemson in your estate plans.
Establishing a legacy by including Clemson as a beneficiary of your estate plans will impact generations of Clemson students, faculty, and staff by enhancing learning perpetuity. Generally, assets are used to establish endowed funds that can be dedicated to support Clemson in the way that follows your estate plan instructions. Our Planned Giving team will quickly and confidentially provide gift illustrations and the language needed to ensure your wishes are realized. We are here to serve you with expertise and partnerships as you explore the impact you can make at Clemson today, tomorrow and forever.
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Clemson 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 Clemson 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 Clemson University
- Include a bequest to Clemson University in your will or revocable trust
- Designate Clemson University as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Clemson University as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Percentage bequest - make a gift of a percentage of your estate
- Specific bequest - make a gift of a specific dollar amount or a specific asset
- Residual bequest - make a gift from the balance or residue of your estate
The method used to make a bequest will depend on the kind of gift you choose to leave to Clemson University.
Bequests of real estate, personal property, business interests and cash are typically made by way of a will, revocable trust or even a simple codicil to your current estate plan. Your estate-planning attorney can assist you in preparing the necessary papers for you to complete the bequest.
Other bequests, such as those involving retirement assets, insurance policies, bank accounts and stocks and bonds, are typically made by completing the appropriate beneficiary designation form. Simply contact your retirement plan administrator, life insurance company, bank or investment broker and ask them to send you the appropriate "beneficiary designation" or "payable on death" form. To complete your bequest, you will need to complete and sign the form and then send it back to the person who originally sent the form to you.
The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to Clemson University. The full value of this gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.