|
Support
& Involvement
> How
to Give > Planned
Giving > Will
Bequests
A
General Bequest
A Designated Bequest
A Residuary Bequest
A Contingent Bequest
A Bequest to a Charitable
Trust
Bequests
of all sizes are an important source of support for Louisville
Seminary. They provide funds for scholarships, academic chairs,
improving physical facilities and they help increase the general
endowment. The provisions in your Will for making a gift to
the Seminary will depend upon the type of gift and your circumstances.
For
the guidance of attorneys preparing wills and trusts containing
provisions for the Seminary: the sole agent authorized to
receive private gifts is Louisville Presbyterian Theological
Seminary. The Seminary is chartered under the laws of
the Commonwealth of Kentucky.
The
following is suggested wording for bequests to Louisville
Seminary:
A
GENERAL BEQUEST
"I
give to Louisville Presbyterian Theological Seminary, located
in Louisville, Kentucky, the sum of $ ______ (or _____ % of
my estate or the property described herein) for its general
purposes."
Back
to Top
A
DESIGNATED BEQUEST
"I
give to Louisville Presbyterian Theological Seminary, located
in Louisville, Kentucky, the sum of $ ______ (or ______% of
my estate or the property described herein) to be used...(e.g.,
to establish a named memorial or scholarship fund or for a
specific program or purpose decided upon in advance in consultation
with a qualified representative of the Seminary)."
Back
to Top
A
RESIDUARY BEQUEST
"All
the rest, residue, and the remainder of my estate, both real
and personal, I give to Louisville Presbyterian Theological
Seminary, located in Louisville, Kentucky, to be used for...".
Back
to Top
A
CONTINGENT BEQUEST
"I
devise and bequeath the residue of the property owned by me
at my death, real and personal, and whatever situate, to my
wife (husband), _____, if she(he) survives me. If my wife
(husband) does not survive me, I devise and bequeath my residuary
estate to Louisville Presbyterian Theological Seminary, located
in Louisville, Kentucky, to be used for...".
Back
to Top
A
BEQUEST TO A CHARITABLE TRUST
A
Testamentary Charitable Trust or Annuity may be set up to
provide income for a dependent or a friend with the principal
going to Louisville Seminary on the survivor's death. Sample
forms to help your attorney draft this are available upon
request.
A
final suggestion: No one can anticipate the changes and developments
that may occur at Louisville Presbyterian Theological Seminary
in the future. In order to ensure that your bequest will always
be of maximum use to the Seminary, we ask that you consider
using a "savings clause" in your Will. Such a clause
may read as follows: "If at any time, at the discretion
of the Board of Trustees of Louisville Seminary, this bequest
shall no longer be necessary for the stated purpose, the Trustees
shall have the authority to designate its use for another
purpose that closely carries out my original intention."
For
additional information, please contact:
Dale Melton
Associate Vice President of Seminary Relations
Louisville Presbyterian Theological Seminary
1044 Alta Vista Road
Louisville, KY 40205
502.895.3411, ext. 347
Back
to Top |
1044 Alta Vista Road - Louisville, Kentucky 40205 - (800) 264-1839 - (502) 895-3411
- FAX (502) 895-1096