Through various types of bequests to , you may secure a charitable estate tax deduction for the value of the gift. Best of all, you will know that your generosity will support our mission for years to come.
You may prefer to state in your will or trust a sum of money, a percentage of your estate, a specific item, a work of art or real estate that you wish to give to .
Whatever form of bequest you choose, it is not subject to estate or inheritance taxes and so significantly reduces the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit to the deduction.
If you are celebrating a class reunion, some deferred gifts to Allegheny may be eligible to be included in your class reunion gift. In addition to boosting your class gift total, your deferred gift also will qualify you for membership in the William Bentley Legacy Society.
The Office of Gift Planning is available to work with you and your attorney in planning an estate gift to the College so that your intentions are fully understood and carried out. We would be happy to send you an estate planning worksheet to assist you and your advisors in developing an appropriate estate plan. Please click on the worksheet link or contact our office at 814-332-5906 or at giftplan@allegheny.edu to request a copy or to request more information about including Allegheny in your will.
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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