How to Complete Your Gift 

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1. Choose what to give.
Pick from one of these four options.
  • A specific bequest gives us a particular piece of property. If you disposed of the property before your death, we won't receive your intended gift because we cannot claim any other property.
  • A general bequest gives us a stated sum of money. If there is insufficient cash in your estate to cover the bequest, other assets will be sold for cash to honor your wishes for us.
  • A residuary bequest gives the "rest, residue and remainder" of your estate, or, more commonly, a percentage of the residue after all other bequests, debts and taxes have been paid.
  • A contingent bequest requires a certain event to occur before the gift can happen. For example, you could bequeath funds to a family member provided that person survives you; if not, the funds would then go to Willamette University.

Did You Know?
Question MarkYou can make your bequest in honor or in memory of someone special. Please contact Lori L. Hoby at (866) 204-8102 or lhoby@willamette.edu to learn more.

2. Decide how you would like Willamette University to use your gift.
Choose from one of the following options.
  • An unrestricted bequest allows us to use the assets in the most beneficial way.
  • A restricted bequest allows you to specify how we are to use the funds. Contact us in advance to be certain your intent can be fulfilled.
  • An endowment bequest allows you to designate the purpose of your gift. Your gift is invested with and becomes part of our endowment and a distribution is made each year. Because the principal remains intact, the fund will support our mission in perpetuity.

3. Meet with your estate planning attorney.
Whether you need to create a will or trust, or simply update an old document, you'll want to seek the help of an estate planning attorney.
eBrochures
Download a free guide about how to prepare for this meeting with your attorney.

If you are working with your attorney to include Willamette in your will or living trust, or if you would like to name Willamette as beneficiary of a retirement account or life insurance policy, we recommend that you use the following designation: ? "to Willamette University, a nonprofit corporation located in Salem, OR ?" We encourage you or your attorney to contact one of our gift planning professionals to help you ensure that your bequest best accomplishes your intentions regarding Willamette.

4. Let us know of your plans.
Please contact Lori L. Hoby at (866) 204-8102 or lhoby@willamette.edu to let us know when you have made plans for such a gift. We would love the opportunity to thank you for your generous act. We are happy to honor your wishes regarding anonymity.