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Bequests
Click here to PICTURE THIS GIFT! A gift to The Latin School of Chicagoin your will or revocable trust proclaims your confidence that we will continue to pursue our mission and make a difference in the lives of future generations. A bequest:
- is easy to arrange,
- does not affect your assets or cash flow during your lifetime, and
- is revocable.
You may have planned your estate through a revocable trust instead of a will. A transfer to Latin from your trust will bring you the same tax and planning benefits as a bequest from a will.
Your bequest or trust distribution to us will reduce the value of your estate for federal estate tax purposes, and will also be exempt from state inheritance taxes.
Your Bequest Can Be Used by Us in Two Ways:
A bequest can be applied to Latin’s general operating fund to be used for the needs that we believe are most pressing at the time it is received. Alternately, it can be directed to a specific program or purpose at the School. We ask you to consult with us if you are considering a bequest for a specific purpose.
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Specific Bequest
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"I bequeath Twenty Thousand ($20,000) Dollars [or: all my General Motors stock] to The Latin School of Chicago, a Illinois non-profit corporation located in Chicago, Illinois"
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Residuary Bequest
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"I bequeath Ten Percent (10%) of the residue of my estate to The Latin School of Chicago, a Illinois non-profit corporation located in Chicago, Illinois."
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Contingent Bequest
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"If my nephew does not survive me or is unable to inherit this bequest, I direct that it be paid to The Latin School of Chicago, a Illinois non-profit corporation located in Chicago, Illinois."
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Your Bequest Can Be Used by Us in Two Ways:
A bequest can be directed to a specific program or purpose at Latin, or you can tell us to apply it to our general resources or use it for the need that we believe is most pressing at the time it is received. So that it can be most useful, we prefer that the terms of a bequest be as general as posible, and ask you to consult us if you are considering a bequest for a specific purpose here.
To take the next step, complete the Information Request form, Email, or call us at 312-582-6042 so that we can assist you.
The Latin School of Chicago
59 W. North Blvd.
Chicago, IL 60610
312-582-6042 | Fax: 312-582-6041
Planned Giving content copyrighted © 2004 VirtualGiving.
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