Bequests

Benefits of Your Bequest

  • Receive estate tax charitable deduction.
  • Lessen the burden of taxes on your family.
  • Leave a legacy at Lees-McRae College.

Bequest Options

  • Gift of a percentage of your estate.
  • Gift of a specific dollar amount.
  • Gift from the residue of your estate.

Bequest Language

Talk with your attorney about making a bequest to Lees-McRae College. He/she will help you determine what is the best option for you. We have included some basic language to help you when drafting your Will.

  1. Outright Bequest

    “I hereby bequeath $XXX to Lees-McRae College located at P.O. Box 128, Banner Elk, NC, 28604 for the College’s general use and purpose.”
  2. Bequest of Specific Personal Property

    “I hereby bequeath DESCPRIPTION OF PROPERTY to Lees-McRae College located at P.O. Box 128, Banner Elk, NC, 28604 for the College’s general use and purpose.”
  3. Bequest of Percentage of Estate

    “I hereby bequeath PERCENTAGE OF YOUR ESTATE to Lees-McRae College located at P.O. Box 128, Banner Elk, NC, 28604 for the College’s general use and purpose.”
  4. Restricted Bequest

    If you are considering restricting your bequest for a specific purpose (capital, endowment, scholarship, etc.), please let us know, so we can help to ensure you that your wishes are appropriately carried out.

    If you are making a restricted bequest, we recommend that your attorney include language such as, “Should it no longer be possible for Lees-McRae College to use the gift as originally intended, the College’s Board of Trustees may determine that the income and/or principal of this gift be used for such a purpose deemed most closely related to the restricted purpose of the bequest.”

Contact the Office of Advancement at 828.898.2534 for more information. 

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