Gifts by Will
A charitable bequest through your will is one of the simplest ways to make a gift to Stonehill College, and often at a level not possible during one’s lifetime. Upon receipt of the bequest, the College will issue a tax receipt to the estate to offset taxes owed.
Did you know that your bequest can memorialize your current annual gift to Stonehill?
A gift in your will allows you to:
- Make responsible decisions about distributing your estate
- Say who will be your executor
- Provide for the well-being of those you love
- Appoint a guardian for minor children
- Make provisions for special remembrances
- Give a gift to organizations that are important to you
- The IRS permits a 100% charitable estate tax deduction when you make a bequest
- Gifts may be a specific amount or a percentage of your estate
- Gifts may be made with cash, securities, real estate, or personal property
If you include Stonehill in your will, please let us know so that you can become a member of the Legacy Society, Stonehill's honorary recognition society for individuals who have made provision for the College in their estate plans.
To include Stonehill in your will, please ask your legal advisor to consider the following language:
"I bequeath to Stonehill College, Inc., a charitable corporation established under the laws of the Commonwealth of Massachusetts, the sum of [dollars or percentage of estate], to be used for the College's general purposes."
To name Stonehill as the beneficiary of part (or all) of the residue of an estate:
"I devise and bequeath to Stonehill College, Inc., a charitable corporation established under the laws of the Commonwealth of Massachusetts, all [or specify a portion] of the rest, residue and remainder of my estate, whether real, personal or mixed, however and whenever acquired and wherever located, to be used [specify how bequest is to be used or state that it is to be used for general purposes]."
To name Stonehill as a contingent beneficiary:
"If any of the above named beneficiaries should predecease me, I then devise and bequeath to Stonehill College, Inc., a charitable corporation established under the laws of the Commonwealth of Massachusetts, all the property, real or personal, which said beneficiary or beneficiaries would have received had they survived me."
Although it is possible to designate a specific purpose for your bequest, the needs of the College change over time. We respectfully request that any specific purpose be stated as a preference, with the final determination left to the discretion of the Board of Trustees of the College. However, we are certainly pleased to accept gifts and bequests designated for a specific purpose; we do ask that you inform us of your specific intent prior to the drafting of any documents.
For more information, please call the Gift Planning Office at 508-565-1344