Planned gifts are an investment in the future of Wesley Theological Seminary. They ensure that we can continue to offer scholarships to students for years to come. The education of these future leaders, preachers, and teachers depends on the current and planned gifts we receive from Wesley's many friends, like you. With your help, we can continue to make a difference in the lives of countless peoples for generations to come.
Planned gifts can be given simply through a bequest in your will, or by designating Wesley as the beneficiary of an IRA or life insurance policy. Planned gifts also include annuities and trusts that can provide income to the donor throughout their life. Planned gifts can be given over a period of time through a gift bond that grows until sufficient to provide scholarship funding.
Including Wesley in your Will
If you would like to include Wesley in your will, below is sample language you can share with your legal advisor:
"I give, devise, and bequeath to Wesley Theological Seminary of the United Methodist Church, a non-profit Maryland corporation, located at 4500 Massachusetts Avenue, NW, Washington, D.C., 20016, the sum of $______ (or ___ percent of my estate) to be used for such purposes as the Board of Governors determines at the time this bequest becomes effective."
Please note this is a sample for your consideration and does not constitute any legal advice. Consult your legal advisor to ensure your wishes are provided for in your will.
Charitable Remainder Trusts
A Charitable Remainder Unitrust (CRUT) provides a way to give a gift to Wesley and receive income from that gift for yourself and others for the rest of your life. When you give your gift to Wesley and a CRUT is set up, Wesley agrees to pay you an annual fixed rate, paid either annually or quarterly. Each January 1, the CRUT is revalued based on the success of the investments for the CRUT and your percentage payment will be based on the revalued amount of the CRUT. You may also receive a tax deduction when you set up the CRUT.
For example, if you established a CRUT of $100,000 to be paid to two people aged 80, at the rate of 6%, you would receive $6,000 in the first year, and thereafter the annual payout would be adjusted to reflect 6% of the revalued amount of the CRUT. The estimated lifetime payout would be $82,800. Gifts can be made through cash, appreciated stocks or real estate.
Please note this is a sample for your consideration and does not constitute any legal advice. Consult your financial advisor to ensure your wishes are provided for in your estate planning.
When you consider your own legacy, planned gifts are a way to make a major gift that will benefit Wesley for many years. We would love to talk to you about planned giving opportunities at Wesley. Please call our Development office at (202) 885-8630 to learn more about leaving a legacy that will help shape the church for generations to come.
*Please note that this website contains planned giving samples for your consideration and does not provide any legal or financial advice. Consult your legal or financial advisor to ensure your wishes are provided for in your estate planning.