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Charitable Bequest

A charitable bequest is one of the easiest and most flexible ways to leave a gift to benefit The University of New Mexico.

Types of Bequests

There are a number of ways you can make a bequest.

Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to the UNM Foundation.

Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to the UNM Foundation.

Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to the UNM Foundation.

Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to the UNM Foundation.

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Benefits of a bequest

  • A bequest is generally a revocable gift, which means it can be changed or modified during your lifetime
  • Receive an estate tax charitable deduction
  • Reduce the burden of taxes on your family
  • Leave a lasting legacy to benefit The University of New Mexico

How a bequest works

With the help of an attorney, you can include language in your will or trust specifying a gift to be made to the UNM Foundation as part of your estate plan.

Contact us

If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to benefit The The University of New Mexico as part of your estate plan, please let us know. We would like to recognize you and your family for your generosity in the New Horizons Society.

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