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If you wish to make a bequest to Calvin University, please provide the wording below to your legal counsel.
I give _______% of the rest, residue, and remainder of my estate (or the sum of _______________ dollars, $______________) to Calvin University, a Michigan charitable corporation located in Grand Rapids, Michigan, (to support _____________________________ at Calvin University.) If in the future my gift cannot be usefully applied for the described purpose, I authorize the Office of Gift Planning at Calvin University to apply my gift to such other purposes as they in their discretion may determine to be consistent with my original intent as stated above.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Calvin University as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Calvin University as a lump sum.