• Bequest Language

    Many people have good intentions about providing for Wisconsin Lutheran College, but they do not always follow through with their plans. Perhaps you have been considering a gift to us, but your cash flow prevents an outright gift.

    When considering the various deferred gifts discussed on this site, please keep in mind that one of the simplest ways for you to make a future contribution to us is through your will.

    Example

    To expedite your good intentions, here is a recommended clause for making an outright unrestricted bequest to Wisconsin Lutheran College:

    I give to Wisconsin Lutheran College the sum of $______ (or _____ percent of the remainder of my estate) be used either:
    ❏ where most needed
    ❏ for the ______ program."

    Example

    You also may wish to include the Christian Preamble in your will:

    I commit myself to God's care, secure in His love for me and trusting in the salvation purchased for me through Christ's suffering and death. I leave those who survive me the comfort of knowing that I have died this faith and have now joined my Lord in glory.

    I commend my loved ones to the protecting arms of God, knowing He will continue to provide for them despite my absence, and I encourage them to place their faith and trust in Him alone.

    If you make annual gifts to us and would like to continue your support even after your lifetime, you can arrange an endowed gift through your will. This will ensure that your gift will continue into perpetuity.

    If you are planning to make WLC one of your beneficiaries, we encourage you to tell us now. That way, we can help you experience the joy of giving today.

A charitable bequest is one or two sentences in your will or living trust that leave to Wisconsin Lutheran College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Wisconsin Lutheran College [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to WLC or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to WLC as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to WLC as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and WLC where you agree to make a gift to WLC and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.