Giving Through Your Will or Trust

Thank you for considering Pace University as a beneficiary of your will or trust.  Bequests are an important source of support. They provide funds for scholarships, research and improved physical facilities, and they often help increase the University’s endowments.  Since they are revocable and do not affect financial security, they are often the single largest gift one can make.

 

There are a number of ways to make a bequest to Pace.  They are described below along with suggested wording for a gift.  Please consult your attorney to decide which best suits your individual circumstances.

 

1.  GENERAL BEQUEST:  A general bequest is one of the most popular ways to make a charitable gift by will.  You simply designate a specified dollar amount or property to Pace.

 

I give, devise and bequeath to Pace University the sum of $________ (or other appropriately  described property) for the general purposes of Pace University (or for a specific program or fund decided upon in consultation with the University).

 

2.  RESIDUARY BEQUEST:  A residuary bequest is used to give all or a portion of your estate to Pace after all debts, taxes, expenses and all other bequests to family and friends have been paid.

 

I give, devise and bequeath to Pace University the remainder of my property, real and personal, for the general purposes of Pace University (or a specific program or fund decided upon in consultation with the University).

 

3.  PERCENTAGE BEQUEST:  This is used in cases where there is more than one charity or person you would like to share in your “leftover” estate.

 

I give, devise and bequeath _______% to Pace University for the general purposes of the University (or for a specific program or fund decided upon in consultation with the University).

 

4.  CONTINGENT BEQUEST:  If one of your named beneficiaries dies before you do or disclaims the property, you can designate Pace University as the alternate beneficiary.

 

If any of the above named beneficiaries should predecease me, I give, devise and bequeath the property which said beneficiary would have received if the beneficiary had survived me, to Pace University for the general purposes of the University (or for a specific program or fund decided upon in consultation with the University).

 

 

For more information, please contact Marc Potolsky, Planned Giving Officer, at 212-346-1619, or mpotolsky@pace.edu.