Bequest Language

You can remember Plymouth State in your will by a specific dollar amount or percentage, with an endowment bequest or as the residual or contingent beneficiary of your estate. You may also leave your retirement assets to 

Learn How to Make Effective Bequests with our ebrochure! Once you receive the ebrochures from Plymouth State University, you must have Adobe Acrobat Reader installed on your computer to open and read the files. If you do not have this program, it can be downloaded for free at www.adobe.com.

Residual Bequest Language

You can name Plymouth State, a department or an endowment as a beneficiary of a residual charitable bequest from your estate. Sample charitable bequest language to share with your attorney:

I give and devise to Plymouth State University of Plymouth, New Hampshire, all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be held, administered, and used by the Board of Trustees for the unrestricted support of the (insert college or program) at Plymouth State.

I instruct that all my charitable gifts shall be made, to the extent possible, from property that constitutes “income in respect of a decedent” as that term is defined in the Internal Revenue Code.

Contingent Bequest Language

Plymouth State or a department or endowment can be named a contingent beneficiary in your will or personal trust. Sample charitable bequest language to share with your attorney:

If (insert name) does not survive me, I give and devise to Plymouth State University of Plymouth, New Hampshire, all the rest, residue and remainder of my estate, both real and personal, to be held, administered and used for the unrestricted support of the (insert department/purpose).

I instruct that all my charitable gifts shall be made, to the extent possible, from property that constitutes “income in respect of a decedent” as that term is defined in the Internal Revenue Code.

Endowment Bequest Language

It’s easy to direct your future gift through your will(s) or personal trust(s). Sample charitable bequest language to share with your attorney:

I give and devise to Plymouth State University of Plymouth, New Hampshire, the sum of $___________ (minimum endowment bequest is $25,000) to be held, administered, and used by Plymouth State for the establishment of an endowed fund in support of (insert department/purpose) at Plymouth State. The earnings from the fund are to be disbursed by Plymouth State per the terms of the completed endowed fund agreement on record at Plymouth State. The endowed fund shall be named the __________________________________.

I instruct that all my charitable gifts shall be made, to the extent possible, from property that constitutes “income in respect of a decedent” as that term is defined in the Internal Revenue Code.

Specific Bequest Language:

Naming Plymouth State or a program as a beneficiary of a specific amount from your estate is easy. Sample charitable bequest language to share with your attorney:

I give and devise to Plymouth State University of Plymouth, New Hampshire, the sum of $___________ (or specified percentage or tangible property) to be held, administered, and used by Plymouth State for the unrestricted support of (insert department/purpose).

I instruct that all my charitable gifts shall be made, to the extent possible, from property that constitutes “income in respect of a decedent” as that term is defined in the Internal Revenue Code.

Retirement Plan Assets Estate Language

You may name Plymouth State as the beneficiary of your retirement benefits. Donors should consult with financial advisors regarding the tax benefits of such gifts.

Naming Plymouth State as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or pension plan will accomplish a charitable goal while realizing significant tax savings. Retirement plan assets are often subject to extremely high estate taxes and the income is fully taxable when received by an individual beneficiary. Making a charitable gift may be a better use of this type of asset. By naming Plymouth State as the beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to Plymouth State free of both estate and income taxes. As a result of the gift of retirement funds, the donor’s other assets, such as cash and securities, will not be as highly taxed to his or her heirs.

To make a significant future gift to Plymouth State or to a specific purpose at Plymouth State through your retirement plan (401k, 403b, IRA’s):

• Name Plymouth State as a primary beneficiary of part or all remaining assets in your retirement plan at your death.
• Name Plymouth State as a contingent beneficiary.
• Name Plymouth State at the death of your surviving spouse.

Simply request a change of beneficiary form from either your employer or the financial institution managing your retirement plan(s). Make the necessary changes, return the form to your retirement plan manager and notify Plymouth State of your intent.

The information on this site is not intended as legal, tax or investment advice.  For such advice, please consult an attorney, tax professional or investment professional.