Bequest
A bequest is a gift you can make to support Regent University's mission in your will or living trust or with a codicil (an addendum to make minor changes to your will without having to create a new one.)
A bequest allows you to continue to use the property you will leave to us during your life and make a lasting impact on our work after you are gone.
Benefits of a bequest
- One of the easiest gifts to make
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to Regent University
Charitable bequest video
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 Regent 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 Regent University
- Include a bequest to Regent University in your will or revocable trust
- Designate Regent University as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Regent University as a beneficiary of your life insurance policy
A bequest may be made in several ways
- Specific Bequest - A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Regent University.
- Percentage Bequest - Another kind of bequest involves leaving a specific percentage of your overall estate to Regent University. For example, you may wish to leave 10% of your estate to Regent University.
- Residual Bequest - A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to Regent University. For example, you may wish to leave 30% of the residue of your estate to Regent University.
Review sample bequest language
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 Regent 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.
