Estate Planning and Planned Giving

What Are Bequests?

Bequests are the expressions of a donor’s generosity that occur upon death. Bequests can take several forms such as:

  • Specific bequest – a certain amount of cash, securities, or property.
  • General bequest – property that is similar to all other items distributed, usually cash.
  • Percentage bequest – a stated percentage of the donor’s estate.
  • Residual bequest – all or a portion of what remains of the estate after specific and general bequests are distributed.

If you would like to make a gift by will,

  1. You include a bequest provision in your will or revocable trust i.e.

    “I hereby give Hesston College the sum of $________________ [amount]

    AND / OR

    The following described property: ________________ [description]

    AND / OR

    ____% [percent] of the residue of my estate to be used for ________________ [stated purpose] of Hesston College.”

    *a donor may remove any section of this verbiage as they like.

  2. Upon your death, the Hesston College will receive the bequest you specified

Benefits

  • You may change your bequest or trust designation at any time
  • You control the funding property during your lifetime
  • Your bequest or trust designation will not be subject to any potential federal estate tax
  • You provide future support for Hesston College

If you would like to discuss how to leave a gift to Hesston College or to identify options that will best serve your purposes, please contact Vice President of Advancement Rachel Swartzendruber Miller or Everence representative Mitch Stutzman at mitch.stutzman@everence.com or 316-283-3800 ext. 4759.