Planning for the future and creating the legacy you wish to leave is one of the most powerful ways to share your values and continue your priorities. Making a gift in your will or living trust, known as a bequest, can sustain your philanthropic impact for generations of Andover students to come. Your gift may be a specific dollar amount, a percentage of your estate, or the remainder after all other provisions are specified.
Specific bequest language
"I give, devise and bequeath (describe property to be given, ex. $100,000, 100 shares of Apple stock) to the Trustees of Phillips Academy, located in Andover, Massachusetts, for its general educational and charitable purposes."
Residuary bequest language
"I give, devise and bequeath (choose a percentage to be given, ex. 50) percentage of my residuary estate to the Trustees of Phillips Academy, located in Andover, MA, for its general educational and charitable purposes." [I.e., Andover will receive that percentage of the remaining balance of the estate once specific distributions are made and all obligations have been satisfied]
Contingent bequest language
"I give, devise and bequeath $100,000 to the Trustees of Phillips Academy, located in Andover, MA, for its general educational and charitable purposes, should (insert a condition, ex. my spouse Louise not be living at the time of my demise)."
These examples are phrased to provide unrestricted support; any of them may be tweaked to become a restricted bequest for a specific purpose (to add to an existing named fund, to support a specific program of special interest, etc.). We strongly encourage discussion of restricted funds before a bequest is formalized to ensure Andover is best able to fulfill your wishes.
Phillips Academy Tax I.D. #: 04-2103579
Please contact the Office of Gift Planning at 978-749-4699 or giftplanning@andover.edu for more information.
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