Bequests

Creating a Legacy at Chatham

Generous bequests throughout Chatham's 140-year history have strengthened the University. For each new generation of Chatham students, names like Dilworth, Mellon, Rea and Laughlin have become synonymous with the excellence of University facilities and programs, thanks to significant bequests directed to Chatham.

The simplest way to make a bequest to Chatham is to name the University as a beneficiary of your will, revocable trust, retirement account or life insurance policy. Depending on the size of your estate and the amount of your charitable bequest, you will avoid estate taxes on the bequest itself and you can place the remainder of your estate in a lower tax bracket, thereby benefiting your other estate beneficiaries.

Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that your future gift will live on. With bequests over $25,000 you may create a separate fund named after yourself or someone else you wish to honor. Named funds remain visible in the Chatham community because of the people and activities they support. As a result, such funds also encourage others to give. Bequests can be very private gifts, too. You may make a bequest anonymously and change it at any time.

If you have questions or if you wish to use your bequest to establish an endowment or to support a particular area or initiative at Chatham, please contact Erin Longchari, Director of Major Gifts, at 412-365-1652 or elongchari@chatham.edu.

 

SAMPLE BEQUEST LANGUAGE:

Following is some sample language for different outright estate gifts. (These are examples ONLY, and should be used with the advice and assistance of your attorney.)

A. Outright Bequest: "I give _________ (cash, securities, real estate, artwork, etc.) to Chatham University, Pittsburgh, Pennsylvania. This bequest shall be used for (or to endow) the (named scholarship, professorship, unrestricted, etc.)."

B. Rest and Residue Clause: "After my specific bequests have been fulfilled, I give, devise, bequeath and appoint all the rest and residue of my estate, wheresoever situated and of whatever nature, to Chatham University, Pittsburgh, Pennsylvania. This bequest shall be used for (or to endow) the (named scholarship, professorship, unrestricted, etc.)."

C. Percentage of Estate Clause: "I leave _______ percent (____ %) of my estate to Chatham University, Pittsburgh, Pennsylvania. This bequest shall be used for (or to endow) the (named scholarship, professorship, unrestricted, etc.)."

D. Tax Free Clause: "I leave the amount of my estate which cannot pass free of state or federal estate taxes to Chatham University, Pittsburgh, Pennsylvania. This bequest shall be used for (or to endow) the (named scholarship, professorship, unrestricted, etc.)."

E. Contingency Provision Clause: "In the event my (spouse, daughter, son, etc.) shall predecease me, I leave their share to Chatham University, Pittsburgh, Pennsylvania. This share shall be used for (or to endow) the (named scholarship, professorship, unrestricted, etc.)."