Our mission is to provide a Christ-centered education to assist families in nurturing students as lifelong disciples of Christ.
Beneficiary Designations (Bequests)
A gift to GPLHS, your congregation, or other WELS ministry at time of death – a beneficiary designation (bequest) is the simplest type of planned gift to make and one of the easiest to implement.
The Details
A donor can leave a bequest to GPLHS, their congregation or another WELS ministry by including a promise in his or her will or trust. Property that passes through a beneficiary designation (such as IRAs, a specific item, a specific dollar amount, specific real estate, percentage of an estate, etc.) can be left by designating your chosen charity or charities as a beneficiary.
THE NEED
Many people want to leave a significant gift to charity. This gift may be more than they are able to give during their lifetime. They also want flexibility to change their mind if their circumstances change.
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THE SOLUTION
Donors can retain ownership and use of their assets during life and still benefit one or more charitable organizations by leaving a gift to charity at the time of their death.
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THE BENEFITS
Gift to Charity
The charity receives cash or property.
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Tax Deduction
The amount given to charity is not subject to federal estate tax.
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Flexible
Donors are able to use and control their assets during their lifetime.
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THE DONOR
Bequest are gifts that anyone can make.
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SPECIFIC ASSET BEQUESTS
Many bequests transfer a specific item to a beneficiary.
"I hereby give, devise and bequeath [Description of Property] to [Organization], a nonprofit organization located at [Address], Federal Tax ID#, for [Organization's] general use and purposes."
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SPECIFIC AMOUNT
Another common transfer via a will is the gift of a specific dollar amount.
"I hereby give, devise and bequeath [$Dollars] to [Organization], a nonprofit organization located at [Address], Federal Tax ID#, for [Organization's] general use and purposes."
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BEQUEST OF SPECIFIC REAL ESTATE
"I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at [Address or Description of Property] to [Organization], a nonprofit organization located at [Address], Federal Tax ID#, for [Organization's] general use and purposes."
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BEQUEST OF PERCENTAGE OF ESTATE
"I hereby give, devise and bequeath [Percentage of Estate] to [Organization], a nonprofit organization located at [Address], Federal Tax ID#, for [Organization's] general use and purposes."