Investing in Lives of Great Promise
Investing in Lives of Great Promise
Learn About Wills and Bequests
A bold decision made by the Board of Trustees 100 years ago has impacted generations of students and strengthened the mission of Berea College.
The October 20, 1920, decision determined that all bequests shall be considered as additions to the permanent endowment funds of the College unless otherwise designated. This visionary decision has helped secure the mission of the College to this day by building resilience through its endowment. It is paramount that we move forward with the same determination as we work to help fund the College for the next 100 years.
What is a bequest gift?
A bequest is generally a revocable gift that is transferrable upon death. The gift is revocable, meaning it can be changed or modified by the donor at any time.
Options to make a bequest gift:
- Designate in your will a specific dollar amount, asset, or percentage of your estate be left to Berea College
- Gift the balance or residue of your estate to the College
- Make a beneficiary designation of certain assets
- Name Berea a beneficiary of your IRA or pension plan, or life insurance policy. Donors can simply update the beneficiary information on these types of plans to specify any portion of the plan or policy be gifted to Berea College.