Ways to Give Bequests
The University of Rochester School of Nursing depends on bequests, large and small. They account for a major portion of the School's endowment and provide significant funding for the School's programs, facilities, and student aid.
Bequests are made through a written and executed will. Charitable giving through your will can benefit your heirs as well. Bequests that reduce the size of your taxable estate can reduce gift and estate taxes. There is no limit on the deduction that can be claimed.
Following are a number of ways to make a bequest:
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General bequest: This is the most common way to make a charitable gift by will. You simply leave a specified dollar amount or percentage of your estate to the School of Nursing .
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Specific bequest: Another popular form, this involves stipulating that a specific asset or piece of property go to the School of Nursing .
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Residuary bequest: A residuary bequest is used to give to the School of Nursing all, or a portion, of an estate property after debts, expenses, and all other bequests have been paid. It can be expressed as an amount or a percentage of the residuary assets.
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Restricted bequest: While many bequests provide unrestricted gifts – that is to say, the School of Nursing is given the discretion to decide how to use the gift you may choose to designate a specific purpose. For example, you may wish to establish an endowed research fund, or to stipulate that the funds are to support the work of a particular faculty member or scholarship fund. A restricted endowment usually should be made in the broadest terms possible within your area of interest, and should be made only after consultation with the School of Nursing .
Charitable gifts from your estate can also be accomplished through the use of a trust. Typically known as a charitable remainder trust, or CRT, this form of testamentary gift is most often used when the donor needs to provide income to one or more heirs before the assets are available for charitable purposes. Charitable estate tax deductions are available in the amount that will ultimately be passed to the School of Nursing .
Testamentary gifts require that consultation and legal arrangements be accomplished through your attorney. If you have interest in any gifting opportunity, we will be pleased to assist you, your attorney, and any of your other advisors. If you are interested in making a bequest or would like more information, contact us.
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University of Rochester 
School of Nursing
Box SON
Helen Wood Hall
601 Elmwood Avenue
Rochester, NY 14642
(585) 275-2375
