Plan Today to Make a Future Impact: The Power of Charitable Bequests at Duke University
When we think about making a difference, many of us focus on the immediate term. Yet, what if you could make an impact that extends far beyond your lifetime? A charitable bequest to Duke University offers you the chance to leave a legacy that will benefit future generations of students, faculty, patients and programs.
Investing in Duke’s Future
Long-term financial planning provides an opportunity to consider what matters most to you — and, for many, this includes the lasting impact they can have on an institution like Duke. Whether it’s supporting financial aid scholarships, advancing a particular department or program, or fostering groundbreaking research, your charitable bequest can make a meaningful difference.
What Are Your Options?
Charitable bequests are gifts made through a will or estate plan that will be received in the future. There are several ways to make a charitable bequest to Duke:
- Include Duke in your will or revocable (living) trust
- Name Duke as a remainder beneficiary of your retirement account
You may designate any percentage (or a specific dollar amount) of your residual estate or retirement plan to go to Duke to support the area(s) and purpose(s) of your choosing. Charitable bequests offer maximum flexibility for you and potential tax advantages for your heirs.
Why Are Charitable Bequests Flexible?
Charitable bequests do not require any transfer of assets during your lifetime, meaning you retain control over your assets and can access them if needed. You may also modify your plans at any time if circumstances change. Additionally, in the case of a retirement plan, you don’t need a lawyer to update your beneficiary designations — often, you can do this online through your account administrator’s website.
Connect with Duke’s Office of Gift Planning
Duke’s Office of Gift Planning has charitable planning professionals available to help you explore charitable bequest options. They can work closely with you and your financial advisors to find a gift strategy that fulfills your philanthropic intentions while leaving in place the flexibility to make changes.
For more information or to begin planning your charitable bequest, contact Duke’s Office of Gift Planning at giftplanning@duke.edu or call (919) 681-0464.
A Lasting Legacy
By planning your charitable bequest today, you can provide a future impact that reflects your values and support for the Duke community. Your generosity can help shape the future of Duke University, creating opportunities for generations to come.
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