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Giving Home > How to Give > Bequest

Bequest

Including Utah Valley University in your will or living trust is a powerful way to invest in future generations. A bequest is a simple, flexible gift that costs nothing today but creates a lasting impact for students and programs you care about.

To see how one donor made a lasting impact through a bequest, visit our Donor Story Page for an inspiring example.

A graduate posing with her degree

A bequest allows you to continue to use the property you will leave to us during your life and make a lasting impact on our work after you are gone.

Benefits of a bequest

  • Receive an estate tax charitable deduction
  • Reduce the burden of taxes on your family
  • Leave a lasting legacy to our organization

How a bequest works

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Utah Valley University as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Here are some of the ways to leave a bequest to Utah Valley University

  • Include a bequest to Utah Valley University in your will or revocable trust
  • Designate Utah Valley University as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
  • Name Utah Valley University as a beneficiary of your life insurance policy

A bequest may be made in several ways

  • Specific Bequest - A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Utah Valley University.
  • Percentage Bequest - Another kind of bequest involves leaving a specific percentage of your overall estate to our organization. For example, you may wish to leave 10% of your estate to Utah Valley University.
  • Residual Bequest - A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to our organization. For example, you may wish to leave 30% of the residue of your estate to Utah Valley University.

Review sample bequest language

Contact us

If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to Utah Valley University as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.