Bequest

How it Works

 

  • Include a bequest to the Incarnate Word Academy Foundation in your will or trust.

  • Make your bequest unrestricted or direct it to a specific purpose.

  • Indicate a specific amount, a percentage of your total estate, or a percentage of the balance


Benefits

 

  • Your assets remain in your control during your lifetime.

  • You can modify your bequest to address changing circumstances.

  • You can direct your bequest to a particular purpose. (Be sure to check with Incarnate Word Academy to make sure your gift can be used as intended.)

  • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.

 

Gifts from Your Will or Trust: The Details

It just takes a simple designation in your will and will not affect your cash flow during your lifetime. It’s easy to revoke if your situation changes.

Is this gift right for you?


A bequest is for you if:

 

  • You want to help ensure the future viability and strength of the school.

  • Long-term planning is more important to you than an immediate income tax deduction.

  • You want the flexibility of a gift commitment that doesn't affect your current cash flow.

 

Plan your bequest to support the school thoughtfully. Many good planning techniques are available. Choose the type of bequest that best suits your personal objectives. For example, your bequest can be a stated dollar amount, or you can bequeath specific property to the school. Some of our IWA friends prefer to bequeath a certain percentage of the remainder of their estate — the amount that remains after paying all debts, costs, and other prior legacies. Whichever form you prefer, you can direct that your bequest be used for the general support of the school or for a specific purpose you designate. Whatever your objectives, we will be happy to work with you in planning a bequest that will be satisfying, economical, and effective in carrying out your wishes.

Please contact the IWA Advancement Office at (361) 883-8229 or Sister Martha Ann Snapka
at (361) 877-1232 so that we can assist you through every step of the process.