Bequests

Bequests, which are made through a written will, have been important to Knox College since its founding in 1837. Today, bequests account for a major portion of the College's endowment and provide significant funding for academic programs, scholarship aid, student programs, facilities and the endowment.

Through a bequest in your will, you can give cash, securities, real estate, and other types of property. You can specify a particular asset, a stated sum of money, or the whole or a stated percentage of the residuary estate. You can also designate that your gift be used for a specific purpose. View a sample of bequest language.

A gift to Knox College through a will bequest has several advantages for you:

• Gifts made through a will qualify for the estate tax charitable deduction.
• A charitable bequest might place your estate in a lower estate tax bracket.
• When you notify the College of your bequest intention, you will be invited to join The Old Main Society, the College's recognition society for those who have provided for Knox through their estate plans.
• A bequest enables you to provide substantial future support for the College without sacrificing any current income.