What Is A Bequest To Salus University?

For many donors, a bequest is the most significant gift they can make to the University. A bequest removes assets from the donor’s estate and reduces its exposure to federal taxes. Bequests and other expectancies, which can be revoked by the donor if financial or other personal circumstances change, provide a solid foundation for the future.

Bequests should be made to Salus University. These gifts can be designated to any program at the University. 

Bequests take various forms. Following are some samples of bequests for your consideration as you prepare your will:

Unrestricted General Bequest

A bequest that leaves the use of the funds or property up to the discretion of the University.

Example: I bequeath to Salus University, the sum of _________________ dollars for its general purposes.

Specific Bequest

Likely the most popular form of bequest where one can designate that the University would receive a specific dollar amount or piece of property. These can be restricted to meet a need at the University as specified by the donor. A bequest to the University can be restricted for use by a specific college within the University, such as the Pennsylvania College of Optometry.  Other common restrictions include endowing scholarships, professorships, lectureships, and book funds.

Example: I give ____________ to Salus University for use in its Occupational Therapy program. 

Bequest of Residual Estate

The type of bequest is used to give the designated charity all (or a portion thereof) of an estate, after all debts, taxes, expenses and all other bequests have been paid.

Example: I devise and bequeath to Salus University for use by the George S. Osborne College of Audiology, the residue of my estate owned by me at my death, real and personal, and wherever situate.

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