One way for you to support Marquette University's mission is to leave us a bequest. Over the years, Marquette University has benefited greatly from bequests from our alumni and friends. These gifts have played an important role in the growth and success of the university.
Types of Bequests
There are a number of ways you can make a bequest to Marquette University.
- A cash bequest of a specified dollar amount
- A specific bequest, such as securities, real estate or marketable collectibles
- Retirement account assets, consisting of any benefits remaining in your retirement plans
- A residuary bequest, in which Marquette University receives all or a percentage of the remainder of your estate after other beneficiaries have been remembered
- A contingent bequest, in which property is distributed to Marquette University only if the named beneficiary is deceased
Benefits of Bequest Gifts
There are no limitations on bequest gifts. All charitable bequests are deductible for federal estate tax purposes with no limit on the amount of the deduction. In addition, bequests are generally not subject to state inheritance or estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes resulting in a larger inheritance for your heirs.
In order to make a bequest, you should speak with your attorney to make certain that your exact intentions are specified. We are available to you and your advisors to answer questions and create a gift that reflects your values.
Examples of Bequest Language
- Unrestricted Bequest
I give to Marquette University, a not-for-profit corporation located in Milwaukee, Wisconsin, (the sum of ___________ dollars) or (a specific asset) or (____% of the remainder of my estate) to be used for the university's general purposes.
If you designate a particular purpose for your bequest, inclusion of the following language will ensure that your gift will always remain productive and will help Marquette University respond to changing needs and conditions:
If, in the future, Marquette University's Board of Trustees determines that all or a part of this gift cannot be usefully applied to such purpose, it may be used for any related purpose that, in the opinion of the Board of Trustees, is most compatible with my wishes.
- Bequest for a Specific Purpose
I give to Marquette University, a not-for-profit corporation located in Milwaukee, Wisconsin, (the sum of ________dollars) or (a specific asset) or (________% of the remainder of my estate) to be used for __________ (examples: scholarship, a particular college or program).
- Bequest for Endowed Scholarship
I give to Marquette University, a not-for-profit corporation located in Milwaukee, Wisconsin, (the sum of _______ dollars) or (a specific asset) or (_______% of the remainder of my estate) to be used to establish the (insert desired name)
Endowed Scholarship Fund to provide scholarship for students in (insert particular college or program). If this gift does not meet the minimum threshold then in place to establish a named endowed scholarship fund at Marquette University, then such gift shall be added to the general fund for endowed scholarships for students in the (insert designated college or program).
We recommend that you contact our office for assistance with a bequest of a specific purpose or an endowed scholarship to ensure that your gift will be as you intend.
For further information, please contact us at firstname.lastname@example.org or (414) 288-7428 so that we can assist you. Your inquiry will be confidential and places you under no obligation.