Planned Giving

Bequest (as part of a Will)

The bequest is one of the most frequent forms of planned giving to Claflin University. A gift by will may be made as an outright gift which specifies a certain amount of money or a percentage of your estate or as a restricted gift which specifies how the gift is to be used. Which ever form of bequest you choose, it is not subject to estate or inheritance taxes and so significantly reduces the tax burden of an estate. In large estates, this means a full estate tax deduction. In more modest estates, this means a donor can make a larger gift than would have been possible in one’s lifetime.

The bequest features include:

• full tax deduction
• the option of specifying a sum, asset, percentage, remainder, contingency, or amount governed by estate tax savings

The typical donor:

• tends to be older
• wants flexibility so gift won’t take effect during lifetime
• wants to determine how assets will be used
  

To discuss planned giving options and how a planned gift might fit your personal and financial objectives, please contact:

Sunya L. Young
Director of Planned Giving
Division of Institutional Advancement
400 Magnolia Street Orangeburg, SC 29115
Phone: (803)535-5704; Toll Free: (888)223-7103; Fax: (803)535-5371
E-mail: syoung@claflin.edu

The information provided on this website is for informational purposes only and is not intended as legal, tax or investment advice. Please consult your accountant, financial advisor or attorney to assist you in determining which planned giving option is most appropriate given your financial goals and objectives.