Providing for Alverno through a bequest
An excellent way to support Alverno College is to leave us a bequest in your will, living trust or with a codicil.
One of the benefits to a bequest is that you can modify it at any time. You can also designate your bequest be used for a general or specific purpose, so you know your gift will be used as intended. Bequests are exempt from federal estate taxes, and the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Alverno College is a 501(c)(3) charitable organization. Our federal tax identification number is 39-0806263.
Types of Bequests
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 to Alverno College.
Percentage Bequest: Involves leaving a specific percentage of your overall estate to charity.
Residual Bequest: Made from the balance of an estate after the will or trust has given away each of the specific bequests.
Below is sample bequest language for discussion with your attorney.
OPTION A: Unrestricted support of Alverno’s mission
I give to Alverno College, a Wisconsin nonprofit organization located in Milwaukee, Wisconsin, the sum of $_________ (or ____ percent of my residuary estate) to be used for its general support.
OPTION B: Unrestricted endowment
I give to Alverno College, a Wisconsin nonprofit organization located in Milwaukee, WI, the sum of $_________ (or ____ percent of my residuary estate) to be added to the College’s unrestricted endowment.
OPTION C: Specific endowed fund
I give to Alverno College, a Wisconsin nonprofit organization located in Milwaukee, Wisconsin, the sum of $_________ (or ____ percent of my residuary estate) to establish (or be added to) the [NAME OF ENDOWED FUND].
If you are interested in establishing a new endowment, please contact us to discuss required documentation and minimum amounts necessary to fund the endowment.
Please contact us if you have questions about how to make a bequest to Alverno College or to request additional information that might be helpful to you and your attorney. If you have included a bequest for Alverno College in your estate plan, we want to thank you!