[WSBAPT] Scholarship bequest tips?

[delp at whidbey.net]

Hi Adrienne:

Another option to consider – if your client would like the scholarship(s) to go to a student in her community, she could make her gift to a local nonprofit that provide scholarships.  For instance, the American Association of University Women has a state organization as well as local chapters, which provide scholarships to students in that community.   I have found that universities have different approaches for earmarking gifts for scholarships. Often a quick call to the institution is the easiest way to find the best fund to contribute to.  Your client may want to contribute to a university’s scholarship endowment so that her gift continues into the future.

-Margaret

 

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Adrienne Keith Wills
Sent: Wednesday, April 17, 2019 10:39 AM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Scholarship bequest tips?

 

Hi Listmates:

 

I have an estate planning client who herself benefitted from a scholarship and is wants to provide for a college scholarship in conjunction with preparing a Will.  She’s thinking the bequest would be in the range of $50,000-$100,000.  

 

This is a new type of request for me.  Based on the Deskbook, it sounds like a Community Foundation may be an option and that the client could select from one of many in the state.  She’s living in Seattle but herself is from Snohomish county.  Alternatively, it sounds like selecting a particular institution (ex. UW) and working with them would be an option.  Am I understanding this right?  Are there tips you might share or CLE resources you can point me to?

 

Thanks in advance!  Adrienne

 

--

Adrienne Keith Wills, Attorney/Mediator 

Helping family law and estate planning clients create their legacy 

 

1700 Seventh Ave, Suite 2100 | Seattle, WA  98101

Web:   <http://www.adriennekeith.com/> www.AdrienneKeith.com | Tel.  <tel:%28206%29%20523-3047> (206) 523-3047 | Fax (206) 219-6714

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20190417/0e494d66/attachment.html>