Alumni, parents and friends of Christ School often seek ways to perpetuate their support for the school. A bequest is a simple and effective way to continue your contribution to Christ School beyond your lifetime. A bequest can:
- endow one’s annual gift in perpetuity
- provide general endowment for Christ School for future needs not yet imagined
- underwrite the critical needs of the school from resources you no longer need.
A bequest gift to Christ School is easy to make with an attorney’s help. Bequest provisions can be written to suit your exact inclination, whether that is to give the school
- a particular percentage of your estate’s value,
- a specific dollar amount, or
- a specific item of real property.
Please see below for sample bequest language.
Your attorney can also draft a contingent bequest that takes effect only in the right circumstances.
An undesignated bequest gives Christ School the flexibility to use the gift where it is most needed.
Although you may hesitate to tell the school about its place in your estate plans, it is important to do so, especially if you intend to designate your bequest for a particular purpose. Notifying the school will help to ensure that your gift is used as you intend and confirms that the gift’s designation makes the maximum contribution to the school’s mission to set the pace of excellence in educating boys and young men. The school pledges to keep all such information secure and confidential and to be good stewards of your gifts.
If you have already made provision for the school in your planning, please accept our thanks, and please inform the Advancement Office at email@example.com or 828-684-6232, ext. 145.
Donors who make bequests to the school are entitled to membership in The David Page Harris Society.
SAMPLE BEQUEST LANGUAGE
Please show the language below to your attorney, who can modify it to suit your specific needs.
Percentage of residue after expenses and other bequests:
“I devise and bequeath (all/or ___%) of the remainder of my property to Christ School, Arden, North Carolina to be used or disposed of as its Board of Trustees in its sole discretion deems appropriate.”
A specific dollar amount:
“I bequeath the sum of $____ to Christ School, Arden, North Carolina, to be used or disposed of as its Board of Trustees in its sole discretion deems appropriate.”
Specific personal property:
“I bequeath ____________ to Christ School, Arden, North Carolina, to be used or disposed of as its Board of Trustees in its sole discretion deems appropriate.”
Specific real property:
“I devise all of my right, title, and interest in and to the real estate located at ____________ to Christ School, Arden, North Carolina, to be used or disposed of as its Board of Trustees in its sole discretion deems appropriate.
A bequest for a purpose other than unrestricted use:
“I bequeath the sum of $____ to Christ School, Arden, North Carolina, for the following use and purpose .”
For a gift subject to a restriction, we suggest including one of the following provisions:
“However, I impose no legal or equitable obligation in this regard.”
“If in the judgment of the Board of Trustees of Christ School it becomes impossible to accomplish the purposes of this gift, the income or principal may be used for such related purposes and in such manner as may be determined by its Board of Trustees.”
In Trust Through Your Estate Plan
You may leave all or part of your estate in trust with the income going to one or more beneficiaries and the trust remainder to the school.
You can make a gift of your primary or secondary residence, commercial property or undeveloped land to Christ School in several forms. You can also contribute your home to the school while retaining the right to live in and enjoy it for life.
This website presents general information only and should not construed as legal financial, accounting, or other professional advice. Please seek professional assistance to determine how any giving approach discussed here might impact your situation.