When you think about your estate planning, have you considered leaving a portion of your estate to provide scholarships for Hebrew University students?
The University is the sum of many essential parts that make it one of the top universities in the world. With renowned professors and researchers and extraordinary programs, the University’s excellence has continued for nearly a century.
When you consider your tax and estate planning—perhaps, with an annual review before the end of this year—you may want to discuss with your professional advisors how to include American Friends of the Hebrew University (AFHU) as one of your beneficiaries.
Let’s consider some strategies for a named scholarship fund:
Make a bequest provision in your will or living trust for a specific amount or a percentage of your estate to establish a named scholarship fund after your lifetime. You can specify the programs of study and criteria for identifying qualifying students or allow the University discretion to select students across the University as scholarship recipients. Students selected will be beneficiaries.
Instead of establishing your named scholarship fund in your will or living trust, designate a portion of your IRA, 401(k) or other retirement plan assets to fund it after your lifetime.
Enter into an agreement with AFHU during your lifetime to set out all of the terms of your scholarship fund which will take effect after your lifetime. The agreement may be non-binding, enabling you to amend it or revoke it during your lifetime. With this special scholarship fund agreement, you will be assured that your intentions will be carried out.
OR, establish your scholarship fund during your lifetime with funding that can be used for scholarships now. You’ll see your fund in action and will know that scholarships are being granted now. You can fund this partially now and add to it after your lifetime.
May we show you how? For more information, please contact us at plannedgiving@afhu.org or 212.607.8524. |
