Let's assume you would like to give the Winona State University Foundation something in your will. You have several options, but you may wonder which one is best in your special circumstances. Perhaps deciding how much to give is the toughest question. The answer may be easier when you realize that a charitable bequest is 100 percent deductible and may dramatically reduce estate taxes.
Cash is easiest and very welcome.
On the other hand, you might consider a gift of specific personal or real property you think the Winona State University Foundation could put to good use. Let's talk about it. A contingent bequest requires a certain event to occur before distribution. When the WSU Foundation receives a bequest without strings, we can determine the University's most urgent requirement at the time. However, you may prefer to stipulate how your gift is to be used.