Bequests are a powerful way to support the University of the Incarnate Word (UIW) and leave a lasting legacy. When you include UIW in your will, you're not only making a meaningful contribution but also potentially receiving estate tax benefits.
Designating Your Gift for a Specific Purpose
Many donors have specific areas they wish to support, and UIW welcomes these designated gifts. Your will or trust can specify that your bequest goes towards:
Scholarship funds: Helping students achieve their educational dreams.
Faculty development: Empowering our educators with resources and growth opportunities.
Endowments: Providing long-term financial stability for the University.
Support for academic departments and faculty positions: Strengthening specific areas of study and attracting top talent.
Design Your Lasting Gift
You have flexibility in how you structure your bequest. You can designate a specific dollar amount, ensuring a precise contribution. Alternatively, you can choose to leave a portion of your estate's remainder after other obligations are met. Either way, your estate may be eligible for an estate tax charitable contribution.
How to Add Flexible Language to Ensure Your UIW Gift
While specific designations are valuable, it's wise to consider adding language that provides UIW with flexibility. In the event that your designated project or purpose is no longer needed when the funds become available, this language allows your gift to still make an impact.
You might consider adding the following sentence to the end of your bequest provision:
"If, at the time this bequest becomes effective, the funds are not needed for this purpose, then the Board of Trustees may direct the funds to be used for a purpose as closely related as possible to the original purpose described in this provision."
This ensures your gift remains relevant and impactful, even as university needs evolve.
Schedule a Bequest Consultation
Rick Kimbrough Vice President of External Affairs University of the Incarnate Word 4301 Broadway St. CPO 309 San Antonio, TX 78209