Bequests

Bequests


Did you know the easiest and lowest-cost way to make a meaningful gift to Emma Willard School is to provide for the School in your will or revocable trust?

Bequests are the main source of endowment income for the School. By remembering Emma Willard School in this way, you assure the School’s continued financial strength and the Emma experience for generations of future Emma Girls.
 
All bequests should include:
 
1. The school’s full corporate name: Emma Willard School
2. The school’s address: Troy, New York
3. The school’s federal tax identification number: 14-1338390
 
OUTRIGHT BEQUEST
The most useful type of a bequest is unrestricted, allowing the funds to be allocated by Emma Willard School wherever the need is greatest at the time we receive the bequest. You may designate that the School receives a specific dollar amount, a specific piece of property, or a percentage of your estate.
 
The language is simple:
 
“I give, devise and bequeath to Emma Willard School, a not-for-profit corporation, ID# 14-1338390, located in Troy, New York, _____________ (insert the sum of money, specific property, retirement plan, a stated percentage of the estate, or the remainder of the estate) to be used at the sole discretion of the Board of Trustees of Emma Willard School in support of the School’s general purposes.”
 
RESTRICTED BEQUEST
Restrictions may be made as to the purpose for which a bequest is intended, i.e. for an academic department, scholarships or student opportunity funds, to endow an instructorship, athletics, facilities, or numerous other educational programs and activities.
 
Because circumstances may change over time, a restricted bequest should be made in the broadest possible terms consistent with your interests. It is desirable to include the following clause: “If the Board of Trustees of Emma Willard School determines that it is impractical or impossible to use my gift for the purpose stated, the bequest may be used for another purpose that the Board of Trustees, in their sole discretion, believe is consistent with my expressed wishes and interests.”
 
Note: If you are interested in making a restricted bequest, we encourage you to contact the Advancement Office at 518-833-1813 so we may provide sample language for the program or area you wish to support.
 
Specific Endowed Scholarship
“I give, devise, and bequeath to Emma Willard School, a not-for-profit corporation, ID# 14-1338390, located in Troy, New York, (insert the sum of money, retirement plan, a stated percentage of the estate, or the remainder of the estate) to establish (or to be added to) an endowment fund to be known as the (name) Endowed Scholarship Fund. The income therefrom shall be used annually, in accordance with Emma Willard School’s endowed scholarship spending policy, to provide financial assistance to students with demonstrated financial need to attend Emma Willard School. Should all or a part of the gift be unable to be used to the best advantage for the stated purpose, the Board of Trustees of Emma Willard School in their sole discretion shall be empowered to utilize these funds in a manner which will support the educational process at Emma Willard School, keeping in mind the original intent and purpose stated herein.”
 
(Please note that Endowed Scholarships have a minimum threshold of $50,000.)
 
RESIDUARY BEQUEST
This type of bequest is used to give Emma Willard School all or a portion of your property after all debts, expenses, taxes and all other bequests have been paid. For example: “I give, devise and bequeath the rest, residue and remainder of the property owned by me at my death, real and personal, and wherever situated, to Emma Willard School, a not-for-profit corporation, #14-1338390, located in Troy New York, in support of the School’s general purposes” (or “for the purpose of (insert program)”). In the event you restrict the purpose, please add the following clause, “If the Board of Trustees of Emma Willard School determines that it is impractical or impossible to use my gift for the purpose stated, the bequest may be used for another purpose that the Board of Trustees, in their sole discretion, believes is consistent with my expressed wishes and interests.”
 
CONTINGENT BEQUEST
With a contingent bequest, you can plan for the situation of a beneficiary predeceasing you. By naming Emma Willard School as an alternate or contingent beneficiary, you assure that your bequest will pass to the School rather than to unintended beneficiaries or the government. For example, “I give, devise and bequeath to (insert your beneficiary’s name) (insert dollar amount, or the piece of property, or the desired percentage of the residue of the estate). In the event she (or he) shall predecease me, or our common deaths occur in such a manner that the order of death cannot be ascertained, then, and in only such event, I direct this bequest to Emma Willard School, a not-for-profit corporation, #14-1338390, located in Troy, New York to be used at the sole discretion of the Board of Trustees of Emma Willard School in support of its general purposes.”


The information presented on these web pages is not offered as legal or tax advice. You are urged to seek the advice of your tax advisor, attorney, and/or financial planner to make certain any gift you are considering fits well in your specific circumstances.


Contact us

If you have any questions on how you can make a gift to Emma Willard School in your will or revocable Trust, please contact Jack Sise, Director of Gift Planning, at jsise@emmawillard.org or by phone at 518-833-1831.
285 Pawling Avenue, Troy, NY 12180 | P: 518.833.1300 F: 518.833.1815
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Welcome to Emma Willard School, a private day and boarding high school for girls in Troy, NY, and a leader in girls' education for over 200 years.