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.
- 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.” - 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.” - 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.” - 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.