Bequests

A bequest is a simple way to make a lasting gift to Stevens. You can provide now for a future gift to Stevens by including a bequest provision in your will or revocable living trust. When making a bequest, you do not part with any funds immediately—yet when your gift is received, it is instantly helping to ensure that Stevens will continue to thrive and grow, fulfilling our commitment to solving complex, real-world problems of engineering, science, and management while fostering entrepreneurship and research.

YOUR BENEFITS

• Your assets remain entirely in your own control during your lifetime
• You may modify your bequest anytime should your circumstances change
• You may direct your bequest to support a specific purpose. If you have specific purposes in mind, please speak with our staff when planning a bequest, to ensure your gift will be utilized exactly as intended.
• You may potentially realize significant estate tax savings
• You will automatically be invited to join the exclusive Legacy Society

WORDING FOR BEQUESTS

In response to requests for our full legal title and sample bequest language, we offer the following examples:

Outright Bequest

Stevens Institute of Technology receives a specific dollar amount or a percentage of the estate.

"I hereby give to the Trustees of the Stevens Institute of Technology, located in Hoboken, New Jersey, the sum of _____ dollars (or ______% of the total value of my estate)."

Specific Bequest

Stevens Institute of Technology receives a specific item of real or personal property, or specific stock holdings.

"I hereby give to the Trustees of the Stevens Institute of Technology, located in Hoboken, New Jersey, (insert description of item here)."

Residuary Bequest

Stevens Institute of Technology receives all or a portion of the remainder of an estate, after all debts, taxes, expenses, and other gifts have been paid.

"I hereby give to the Trustees of the Stevens Institute of Technology, located in Hoboken, New Jersey, all (or ______%) of the rest, residue and remainder of my estate."

Contingent Bequest

If circumstances make it impossible to carry out your primary provisions (as when a spouse or other heirs do not survive you), a contingent bequest ensures that property passes to Stevens rather than to unintended beneficiaries (such as government entities).

"If any of the above-named beneficiaries should predecease me, I hereby give his or her share of my estate to Stevens Institute of Technology, located in Hoboken, New Jersey."

Named Endowment Fund

For a named endowment fund, Stevens Institute of Technology receives funds for a specific purpose, such as scholarships or academic program support.

"I hereby give to the Trustees of the Stevens Institute of Technology, located in Hoboken, New Jersey, the sum of ______ dollars (or describe the real or personal property) to establish a permanent fund to be known as The ____________ Endowment Fund, the income of which shall be used for its general purposes (or designate a specific purpose or program)."

Note: If you wish to make your gift for a specific purpose or program, please speak with our staff to ensure that your wishes can be carried out as you would like.

If you are considering including Stevens in your will, we recommend you discuss your options with your advisors.

Contact Information

For answers to your estate and gift planning questions, please contact Michael Governor, Director of Planned Giving, at (201) 216-8967 or michael.governor@stevens.edu.