A bequest is a direction by Will to give property. Bequests may be stated as a percentage of an estate, as the residual of the estate or as a specific dollar amount. This type of gift can make a significant difference to Acadia University's future.
By making a bequest in your Will it may be possible for you to give a substantial gift to Acadia University today that won't affect your current lifestyle. You can choose to leave some or all of your estate to Acadia University, which could include money, investments, property, real estate or other parts of your estate.
While planned today, a bequest is not paid to Acadia University until the donor passes away and usually takes one of the following forms:
- An unrestricted bequest allows the University to use the donor's gift where it is felt to be needed most.
- A restricted bequest is a gift with a specific purpose. The donor may specify the gift be used for a particular area of interest in a specific faculty or department.
With careful planning, a bequest can eliminate most, if not all, the taxes payable on death. The donor's executor can claim bequests equal to 100% of the net income on the deceased donor's final two tax returns.
By advising us now that you have included Acadia University in your Will, you will be allowing us to recognize your generosity today. All requests for anonymity are absolutely respected.
Bequests should name "The Governors of Acadia University" as the beneficiary. Should you require any assistance, such as recommended wording for your Will, we would be more than pleased to provide this information.
If you are considering a gift to Acadia University, we strongly recommend that you seek professional financial and legal advice that takes into account your unique circumstances. We also urge you to discuss your gift with a University official prior to finalizing the details of your gift arrangement.