Legacy Gifts/Bequests

A Bequest

What is it?

Simply put, a bequest is a gift you leave through a will or trust. It is often the easiest way to support your charitable interests because you can support the Princeton National Rowing Association and Mercer Rowing Programs while retaining complete control over your assets during your lifetime. Bequests can be a specific dollar amount, a percentage of your estate, or what remains after other bequests, such as those to family members, are satisfied.

You may direct your bequest to the Princeton National Rowing Association to benefit the Mercer Rowing Programs, National Team Training, our Outreach Programs or rowing accessibility through the Annitto Fund. Or, if you like, you may ask us to use it for whatever is most needed.

Highlights:

  • You can give cash, appreciated stocks, or other assets.
  • Bequests to the Princeton National Rowing Association earn a full charitable deduction on estate taxes.
  • Some of the most tax-efficient asset types to give through your will come from retirement plans, since heirs would be taxed on the income in respect of the decedent.
  • You may arrange for your heirs to receive lifetime income from a charitable trust, with the remainder going to the Princeton National Rowing Association for charitable purposes.

Next Steps:

  • It is important to leave clear instructions. You can use the suggested language below as a guide when naming the Princeton National Rowing Association as the recipient of gifts through your will or trust.
  • For retirement assets, simply name the Princeton National Rowing Association as a beneficiary.
  • Contact the Princeton National Rowing Association so we can assist you and your attorney to develop a bequest that suits your charitable goals.
  • We welcome the opportunity to thank you for your generosity; please share your plans with us by contacting us or completing a Legacy Society Form.

Thank you.

Sample Language for a Charitable Bequest

You may use any of the following four types of bequests to direct your gift to The Princeton National Rowing Association.

  • Percentage: “I devise to the Princeton National Rowing Association, a not for profit corporation of the State of New Jersey, located at 1 South Post Road, West Windsor, NJ 08550, ____% of my estate.”
  • Specific: “I devise to the Princeton National Rowing Association, a not for profit corporation of the State of New Jersey, located at 1 South Post Road, West Windsor, NJ 08550, (Choose one) 1) The sum of $___________.” 2) __________ shares of stock in _______________ Company.”, or 3) my real property commonly known as _________________.”
  • Residual: “I devise my residual estate to the Princeton National Rowing Association, a not for profit corporation of the State of New Jersey, located at 1 South Post Road, West Windsor, NJ 08550.”
  • Contingent: “In the event of the death of any of the beneficiaries, I devise to the Princeton National Rowing Association, a not for profit corporation of the State of New Jersey, located at 1 South Post Road, West Windsor, NJ 08550, (percentage, specific, or residual language as above).”