Bequest: A gift of cash or property given upon a donor’s death; a bequest is a beneficial way to support the school, reduce estate taxes and prevent erosion of one’s estate.
Charitable Remainder Trust: A trust account designed to pay income to the donor or other beneficiary for a number of years or a lifetime, after which the remaining assets are distributed to the school; allows the donor to gain immediate tax benefits without loss of disposable income. (There are several kinds of trust accounts.)
