Planned Giving

Impact St. Catherine University today and tomorrow

  • Your charitable gift will provide vital support for our projects, activities and goals
  • You can enjoy immediate or deferred tax benefits for you and your family
  • Your contribution will influence the well-being of others far into the future
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St. Catherine University's Bequest Language

An excellent way for you to support St. Catherine University's mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.

St. Catherine University is a 501(c)(3) charitable organization.  The University’s federal tax identification number is 41-0695509. 
 

Types of Bequests


There are a number of ways you can make a bequest to St. Catherine University.
 
Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to St. Catherine University.

Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to St. Catherine University.

Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to St. Catherine University.

Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to St. Catherine University.
 

Bequest Benefits

 
A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
 

Bequest Language


The following is for discussion purposes only. Please consult your attorney for the bequest language that best meets your needs.

OPTION A: UNRESTRICTED IN SUPPORT OF THE UNIVERSITY’S MISSION

I give to St. Catherine University, a Minnesota nonprofit corporation located in Saint Paul, Minnesota, the sum of $_________ (or ____ percent of my residuary estate) to be used for its general support.

OPTION B: UNRESTRICTED ENDOWMENT

I give to St. Catherine University, a Minnesota nonprofit corporation located in Saint Paul, Minnesota, the sum of $_________ (or ____ percent of my residuary estate) to be added to the University’s unrestricted endowment.

OPTION C: SPECIFIC ENDOWED FUND

I give to St. Catherine University, a Minnesota nonprofit corporation located in Saint Paul, Minnesota, the sum of $_________ (or ____ percent of my residuary estate) to establish (or be added to) the [NAME OF ENDOWED FUND].

Please note that to establish a new endowment, a separate document called a gift instrument is needed to outline the name and purpose of this endowed fund, and a minimum amount will be required to fund the endowment.

OPTION D: RESTRICTED TO A SPECIFIC PURPOSE FOR CURRENT USE

I give to St. Catherine University, a Minnesota nonprofit corporation located in Saint Paul, Minnesota, the sum of $_________ (or ____ percent of my residuary estate) to be used for [SPECIFIC PURPOSE]. If changed circumstances should at some future time make it impractical to use my bequest for the purpose designated, then St. Catherine University may redesignate the purpose to adhere as closely as possible to my original intent.
 

Contact Us


Please contact us if you have any questions about how to make a bequest to St. Catherine University or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for St. Catherine University in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
 
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