Bequest
Support Luther College's mission by including a gift in your will, living trust, or codicil.
A bequest allows you to continue using your assets during your lifetime while creating a lasting legacy for the College.
Benefits of a bequest
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy at Luther College
Charitable bequest video
How a bequest works
A bequest is one of the simplest ways to support Luther College. With the help of an attorney, you can include language in your will or trust to leave a gift to family, friends, or Luther College. You can also make a bequest using a beneficiary designation form.
Ways to Leave a Bequest to Luther College
- Include Luther College in your will or revocable trust.
- Designate Luther College as a full, partial, or contingent beneficiary of your retirement account (IRA, 401(k), 403(b), or pension).
- Name Luther College as a beneficiary of your life insurance policy.
A bequest may be made in several ways
- Specific Bequest - A gift of a particular asset, such as real estate, a car, other property, or a set dollar amount. For example, you might leave your home or $10,000 to Luther College.
- Percentage Bequest - A gift of a specific percentage of your overall estate. For example, you might leave 10% of your estate to Luther College.
- Residual Bequest - A gift from the remaining balance of your estate after other bequests have been distributed. For example, you might leave 30% of the residue of your estate to Luther College.
Review sample bequest language
Contact Us
If you have questions about leaving a bequest to Luther College, please contact us. We're happy to help you explore your giving options. If you've already included Luther College in a bequest, please let us know. We would be honored to include you in the Heritage Club and recognize your generosity.
