Eastern Legacy Society
A Bequest in your will is perhaps the easiest method to help ensure that Eastern’s quality academic programs are accessible and available for future generations. Through a charitable bequest, you can determine how your resources will be used to support Eastern’s campus after you no longer need them. Gifts through your will or a specific bequest added later through a codicil allow you to retain the ultimate authority for distributing the assets you have accumulated through a lifetime of work and service. Bequests typically provide estate tax deductions and may be constructed in any of the following ways:
- A Specific Bequest designates that the EKU Foundation is to receive either a specific dollar amount or a specific piece of property from your estate.
- A Residuary Bequest is used to give a charitable organization such as the EKU Foundation all or a portion of the remainder of an estate owner’s property after all debts, taxes, expenses and other bequests have been paid.
- A Percentage Bequest expresses a specific bequest to the EKU Foundation as a percentage of the estate or residuary estate rather than a specific dollar amount.
- A Restricted Bequest directs the EKU Foundation to use your resources for a specific purpose.
- A Contingent Bequest will ensure that if circumstances make it impossible to carry out your primary provisions (as when your spouse or other heirs do not survive you), your assets will then pass to the EKU Foundation rather than to unintended beneficiaries.
Bequest |
For questions or additional, Bill Melton |
Please click here for the Honor Roll of Eastern Legacy Society Members
Please click here for the Eastern Legacy Planned Giving Calculator
"Since Federal tax laws continue to change, donors are encouraged to contact the Office of Advancement or their financial advisor to clarify current regulations that might have a direct impact on Planned Gifts."
