Gifts of Securities in Your Will or Trust: Getting Started

If you've thought about making a gift to Gustavus Adolphus College but aren't ready to give up your assets today, consider leaving a gift of securities to us after your lifetime through your will or revocable living trust.

This method—called a bequest—allows you the flexibility to change your mind at any time since your gift isn't actually complete until after your lifetime. Plus, if your estate will be subject to estate taxes, this gift entitles your estate to a federal estate tax charitable deduction for the full value of the property, reducing any estate taxes owed upon death.

How It Works

As mentioned, you can give the property to us through your will or revocable living trust.

The official legal bequest language for Gustavus Adolphus College is: "I, [name], of [city, state, ZIP] give, devise and bequeath to Gustavus Adolphus College [written amount or percentage of the estate or description of property] for its unrestricted use and purpose [or specify purpose]."

How You Benefit

Making a bequest of securities offers these benefits:
  • Simplicity. Just a few sentences in your will or trust are all that is needed to complete your gift.
  • Control. You remain in control of your securities during your lifetime.
  • Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
  • Tax relief. The gift entitles your estate to a charitable estate tax deduction, reducing the amount of federal estate taxes your estate may owe the IRS.