Piderit's salary, by the way, is part of the Jesuit Community gift fund. We decided they needed a special gift. For the past two years, Piderit has steered the unrestricted portion of the Jesuit Community gift to the Center for Christianity and Culture, a place where it can be put to use educating students in the Jesuit tradition. Such gifts are made in the context of an overall estate plan, which implements provisions for one's spouse, children, grandchildren and other heirs, along with gifts to charity. Estate bequests are simple.
Bequests are flexible and can be creative.
You can direct your bequests to specific university or medical center programs, such as scholarships, research, lectures or conferences, and you can provide for permanent endowment support. Before a gift to Loyola takes effect, a spouse or other selected beneficiary can be provided for. Bequests to Loyola help preserve as much of an estate as possible through tax-saving devices and opportunities. For example, under current law, some assets, such as qualified retirement plan benefits, are subject to extremely high tax rates when passed to heirs through an estate. This makes those assets ideal resources to use in making a charitable gift by will or trust.