Including the University of Rochester in Your Will A BEQUEST IS SIMPLE AND CONVENIENT AND PROVIDES YOU WITH A NUMBER OF OPTIONS You can make a bequest for a specific dollar amount or for a percentage of your estate. You can designate your bequest for general use, or you can restrict its use. Many people establish endowments that honor the memory of a family member or another loved one. These endowments live forever, because only the income is used annually. Since a will is an important legal document, we recommend that you seek an attorney’s help. Here are some examples of different types of bequests: • Specific bequests are used to make a gift of a specific dollar amount, or with specific assets such as securities, real estate, or personal property. • Residuary bequests are used to give all or a portion of the rest, residue, and remainder of your estate after payment of expenses and any specific amounts designated to heirs or other beneficiaries. To assist you with this important process, please consider contacting us for suggested wording and to document your wishes. Visit rochester.giftplans.org and click on “Ways to Give.” Beneficiary Designation of Life Insurance or Retirement Assets Name the University as a beneficiary on the form provided by your asset manager. Review the form with your attorney to discuss how such a gift can be incorporated in your plan. Life insurance and retirement assets that pass directly to the University are preserved 100 percent free of tax and your estate is also eligible for a charitable tax deduction. To learn more, visit rochester.giftplans.org or contact us.
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