Bequests and Life Income Gifts
Many of the most significant gifts received by Norwich have been planned gifts, such as bequests, trusts and annuities.
Bequests
A bequest provision is a simple statement in your will that gives to Norwich University any one of the following:
- A specific dollar amount;
- A specified percentage of your estate;
- A particular piece of real estate (such as a home or commercial building) or;
- Valuable personal property, such as a work of art.
We are happy to help you with the language relating to a bequest or to provide life income projections and summaries for you to share with your financial planner or advisor.
Life Income Plans
A life income plan, such as a charitable remainder trust or charitable gift annuity, can offer the donor distinct tax and financial planning benefits and provide a generous future gift to Norwich as well.
Recognition of Gifts
Bequests and life income gifts can provide some donors with class reunion gift credit. If you are age 72 or older, or a member of the 50th reunion class, your bequest or irrevocable life income plan may be fully counted in the class gift total, and, if the gift is an irrevocable life income plan, a portion of the gift as described below may be applied to your cumulative giving total. If you are younger than age 72, that portion of the life income gift or trust arrangement that represents the value of your charitable deduction will be counted to both your class reunion gift and your cumulative giving.
All donors who present the University with the relevant page or section of their will or trust plans will be recognized with a special membership in the 1819 Circle of the Partridge Society.
More Information
Please contact Priscilla Gilbert, Director of Planned Giving, for more information at 802.485.2301 or email pgilbert@norwich.edu.
You may also select these links to read more about bequests, to learn about life income gifts including charitable gift annuities, lead trusts and residual trusts, and to review our Q-and-A on bequests and life income gifts.
