In our current economy it can be difficult to give generously. But for many there is a way.
A bequest may be a particularly attractive gift option if you are unable to make an outright gift but would like to contribute to the school in a meaningful way. Estate gifts may be a few hundred dollars, thousands or millions of dollars.
Specific bequests are most common. You may leave a specific amount of money, asset, or percentage of your estate to St. Luke’s Episcopal School. Residual bequests go to St. Luke’s Episcopal School only after all debts, expenses, taxes, and other bequests have been paid.
If you decide to include St. Luke’s in your will, IRA, life insurance, etc., you may use this official language:
I give, devise and bequeath to St. Luke’s Episcopal School, a non-profit organization duly existing under the laws of the state of Alabama and located at Mobile, Mobile County, Alabama, x% of estate or $xx to be used for ______________________.
If you have included or would like to include St. Luke’s Episcopal School in your estate plans, please let us know by calling 251-666-2991 ext 8140. We would love the opportunity to recognize your generosity or honor your desire to remain anonymous.