A charitable gift through your will or trust can reduce your estate taxes and has always been a popular and simple way to make a planned gift. Bequests to MassArt have allowed us to develop programs, fund scholarships, and build critical endowment. A bequest designated for MassArt may be stated as a percentage or fraction of your estate or a specific dollar amount.
With an unrestricted bequest, the foundation may use your gift to address immediate priorities. The language may read as follows:
I give Massachusetts College of Art and Design Foundation, Inc. in Boston, Massachusetts, ____ percent (____%) of my estate for its general purposes; or
I give Massachusetts College of Art and Design Foundation, Inc. in Boston, Massachusetts, ______dollars ($______) for its general purposes.
A bequest for a specific purpose may read as follows:
I give Massachusetts College of Art and Design Foundation, Inc. in Boston, Massachusetts, ______ dollars ($______) for the purpose of ____________. Should the provisions for the use of the income from this endowment cease to be effective or practicable in the sole determination of the MassArt Foundation, the foundation is authorized to use such income in a manner consistent with the general intent of such provisions.
In all cases consultation with your legal and financial advisors is strongly recommended, as they will help to create the best arrangement for your personal circumstances. You also may consider a contingent bequest, where if one of your named beneficiaries dies before you, the MassArt Foundation will receive that share of your estate.
TO INQUIRE ABOUT MAKING A PLANNED GIFT, CONTACT:Denise Trapani
Director of Major Gifts
617 879 7080