A bequest is a future gift to Northeastern that is part of your estate plan. You may designate that the University receive a dollar amount, a percentage of your estate or a specific asset. Bequests may be allocated for general purposes or for a specific program.
Benefits
| • | Continued use of financial resources during your lifetime |
| • | Estate tax charitable deduction |
| • | Membership in the Frank Palmer Speare Society |
| • | Satisfaction of supporting Northeastern |
Example
Outright Bequest
"I give to Northeastern University, an educational institution incorporated under the laws of Massachusetts and located in Boston, Massachusetts, the sum of ____ dollars ($___)"
Residuary Bequest
"I give and devise (all or ____%) of the property, of whatever kind and wherever located, that I own at my death to Northeastern University, an educational institution incorporated under the laws of Massachusetts and located in Boston, Massachusetts."
>> Read a real-life example of a bequest.