Bequest

“Receiving the Diversity Assistantship Scholarship   
enabled me to develop an ongoing program that  
attracts future students of underrepresented racial  
and ethnic groups to Adler University.” 
-Amanda Weber, Student, Psy.D. in Clinical Psychology

“Receiving the Diversity Assistantship Scholarship 
enabled me to develop an ongoing program that 
attracts future students of underrepresented racial 
and ethnic groups to Adler University.”
-Amanda Weber, Student, Psy.D. in Clinical Psychology

Your Legacy: Gifts Through a Bequest

A bequest is the most popular type of deferred gift to Adler University. There are many good reasons for its popularity. A bequest is revocable, meaning that you retain full control over your assets during your lifetime should you need them. It's flexible. You can name as many charitable beneficiaries as you would like, and specify what each will receive. In addition, your estate is entitled to an estate tax deduction for the full amount of the bequest gift.

How bequests works:

These kinds of gifts enable assets to be distributed to individuals and nonprofit organizations in the amounts or proportions you choose. All assets, including cash, securities, real estate, and tangible personal property, may be transferred to Adler University at the end of your life. There are different kinds of bequest gifts you can make:

  • General, for a certain dollar amount—“the sum of $20,000”
  • Specific, a particular asset—“100 shares of XYZ stock”
  • Residual, once other assets have been distributed—“fifty percent of the rest, residue, and remainder of my estate”
  • Contingent, only under certain conditions—“in the event my spouse does not survive me”

If you already have a will, your attorney can draft a simple amendment to your will, called a “codicil,” for a minimal charge. If you are considering a bequest, please provide our sample bequest language to your attorney.

In addition, your bequest can be used for different purposes:

  • Unrestricted, allowing Adler to use your gift wherever the need is greatest.
  • Designated, enabling you to support a particular program that you care about.
  • Direct it to the Adler Endowment. With an endowment gift, you ensure that your support continues in perpetuity, for the benefit of future generations.

Whichever way you choose, you create a living legacy at Adler University.

Things to Consider

Discuss your situation with your attorney. He or she can help you determine whether to make a bequest through a will, through a codicil to your existing will, or perhaps as a distribution from a living trust. If you have arranged a gift, please let us know. We would be honored to know of your gift. We would very much appreciate the opportunity to thank you and to make sure your wishes are appropriately fulfilled.