Charitable Bequests

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Bequests

BENEFITS FOR YOU TODAY

A charitable bequest is an easy and significant way to plan a Legacy gift to benefit the Abbey Foundation of Oregon. A bequest allows you to:

• Provide an unrestricted gift to support the work of Mount Angel Abbey; support your favorite apostolate, the Monastery, Seminary, Guest House or Library; or establish a scholarship or perpetual endowed fund.

• Memorialize your values and dedication to our work at Mount Angel Abbey.

• Make a larger gift than might have been possible during your lifetime.

• Retain control and use of your assets during your lifetime. Bequests are revocable and may be altered as your circumstances change.

• Enjoy an unlimited estate tax charitable deduction and reduce your taxable estate.

 

HOW TO CREATE A BEQUEST

1.  Contact Jodi Kilcup for specific sample bequest language or use this example:“I hereby give and bequeath________ ( a specific gift or a percentage of the residue of my estate) to The Abbey Foundation of Oregon, a recognized public charity whose legal address is One Abbey Drive, Saint Benedict, Oregon 97373, tax ID 04-3703021, for such purposes as The Abbey Foundation of Oregon shall determine are in the best interest of Mount Angel Abbey and Seminary.”

2.  Consult with your attorney to incorporate a bequest statement in your will or trust.

3.  Consider a beneficiary designation of a life insurance policy, commercial annuity, or retirement plan using a simple change in the beneficiary designation form.

4.  Consider designating payment upon your passing of a stock or mutual fund account using the appropriate form from your bank or broker.

Your bequest gift may be for all or part of your estate account or stated as a percentage. Our staff can provide you or your counsel specific language to assure proper legal wording. For all named, scholarship and endowed funds, a separate agreement with the foundation is created to describe the ultimate use of your gift. Please contact us for a sample agreement.

To learn more about this rewarding way to support Mount Angel Abbey and Seminary, please contact Jodi Kilcup.

503-928-0173

jodi.kilcup@mtangel.edu