|
After providing for your loved ones, a provision in your will to leave a gift to Loyola Academy will give you a great deal of satisfaction, knowing that your future gift will help Loyola Academy students for generations to come. Gifts through wills are popular because they are both easy to arrange and can be changed at any time. Charitable bequests can include cash, securities, real estate, or other property, and may be identified specifically, as a percentage of your entire estate, or that part of your estate that remains after making specific bequests.
Estate Tax Savings
Your charitable bequest, in any form, is free from Federal estate tax and may significantly reduce taxes assessed against your estate. This means that
Loyola
Academy
will be able to use the full amount of the gift.
Choosing How Your Bequest Will Be Used
The choice is yours. You may allow
Loyola
Academy
to determine where the money is most needed (unrestricted bequest), or you may designate the purpose (restricted bequest), choosing to support ongoing needs such as scholarships, technology, religious formation, faculty enhancement or building and maintaining facilities.
Making Your Bequest
Making a new will, or changing your current will should be done with the help of your attorney. We would be happy to provide any assistance. We've provided a sample of the language for your bequest.
By making a gift through your will, you will know that your generosity will touch countless generations of future students at
Loyola
Academy
.
|