Planned Giving

A planned gift to Pres House has the potential for impact that multiplies many times over and leaves a lasting legacy in the lives of students at UW-Madison for many years to come. If you are considering making a planned gift to Pres House please let us know. In doing so, you help us plan for the future and allow us to personally express our appreciation for your support. You will also be welcomed into the Cecil and Janice Lower Legacy society that honors supporters who make planned gifts.  Click here to download the Planned Giving brochure.

Here are several common ways people plan their gifts that may also offer tax and other financial benefits:

  • Bequests through a will or revocable trust
  • Beneficiary of a life insurance policy, annuity or retirement plan
  • Charitable gift annuity
  • Outright gifts of tangible personal property

If you have questions about making a planned gift feel free to contact us at 608-257-1030. If you are interested in leaving Pres House part of your estate and would like to know the wording you should include in your will or trust documents you will find some suggested language below:

Outright Bequest—Sum of Money
“I give and bequeath to the Presbyterian Student Center Foundation, Madison, Wisconsin., a nonprofit corporation, Federal Tax ID #39-0808440, the sum of $_______, to be used for the following purpose:

Outright Bequest—Specific Property
“I give, devise, and bequeath to Presbyterian Student Center Foundation, Madison, Wisconsin., a nonprofit corporation, Federal Tax ID #39-0808440, the following property: (enter specific description of property), to be used for the following purpose:

Bequest of Residuary Estate
“I give, devise, and bequeath to Presbyterian Student Center Foundation, Madison, Wisconsin., a nonprofit corporation, Federal Tax ID #39-0808440, all the rest, residue, and remainder of my estate, of whatever kind and wherever situated, which I may own or have the right to dispose of at the time of my death, to be used for the following purpose:

Bequest Percentage of Residuary Estate
“I give, devise, and bequeath to Presbyterian Student Center Foundation, Madison, Wisconsin., a nonprofit corporation, Federal Tax ID #39-0808440, __________ percent (___%) of the rest, residue, and remainder of my estate, of whatever kind and wherever situated, which I may own or have the right to dispose of at the time of my death, to be used for the following purpose:

Contingent Bequest
“In the event that any bequest or devise of any portion of my estate shall lapse or fail for any reason, I give, devise, and bequeath that portion to Presbyterian Student Center Foundation, Madison, Wisconsin., a nonprofit corporation, Federal Tax ID #39-0808440, to be used for the following purpose:

Adding a Measure of Flexibility
No one can anticipate the changes and developments that may occur in the specific mission of the Presbyterian Student Center Foundation in the coming years. When drafting a bequest, especially one having a restricted purpose, it is helpful to add a “saving clause.” This helps to ensure that the Foundation may always apply the funds or property in a manner that will most closely meet the donor’s original intention. Such a clause might read as follows:

“If, at any time, the Board of Directors of Presbyterian Student Center Foundation, acting in their sole discretion, determines that the stated use or purpose of this bequest shall no longer be necessary, advisable, feasible or desirable to carry out the mission of Presbyterian Student Center Foundation, the Board of Directors shall have the authority to designate the fund created by this bequest for that purpose that they, in their sole discretion, determine to most closely carry out my original intention.”

Note: This information is distributed with the understanding that the Presbyterian Student Center Foundation is not rendering legal or other professional advice. Preparation of an estate plan document should be done with the assistance of a competent legal advisor.