Bequests

Types of Bequests
A bequest is one of the most common and flexible approaches to planned giving. A bequest is a gift made through your will, living trust or with a codicil. A bequest allows you to leave a lasting gift, reduce the burden of taxes on your family, and potentially receive estate tax savings. 
A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

There are a number of ways you can make a bequest to MPCS:
Specific Bequest: A specific bequest involves making a gift of a specific asset such as real estate, a car, other property, or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to MPCS.

Percentage Bequest: Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to MPCS.

Residual Bequest: A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to MPCS.

Contingent Bequest: A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to MPCS.
In order to make a bequest, you should speak with your attorney. However, we have provided some basic bequest language to assist you and your attorney.

List of 5 items.

  • Specific Bequest

    If you are considering making an outright bequest to MPCS, we recommend the following language:

    Bequest of a Specific Dollar Amount

    “I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Mount Pisgah Christian School, https://www.mountpisgahschool.org/, a nonprofit organization located at [address], Federal Tax [number], for Mount Pisgah Christian School’s general use and purpose.”

    Bequest of Specific Personal Property

    “I hereby give, devise and bequeath __________ (DESCRIPTION OF PROPERTY) to Mount Pisgah Christian School, https://www.mountpisgahschool.org/, a nonprofit organization located at [address], Federal Tax [number], for Mount Pisgah Christian School’s general use and purpose.”

    Bequest of Specific Real Estate

    “I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at __________ (ADDRESS OR DESCRIPTION OF PROPERTY) to Mount Pisgah Christian School, https://www.mountpisgahschool.org/, a nonprofit organization located at [address], Federal Tax [number], for Mount Pisgah Christian School’s general use and purpose.”

  • Percentage Request

    If you are considering making a bequest of a percentage of your estate to MPCS, we recommend the following language:

    “I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Mount Pisgah Christian School, https://www.mountpisgahschool.org/, a nonprofit organization located at [address], Federal Tax [number], for Mount Pisgah Christian School’s general use and purpose.”

  • Residual Bequest

    “I hereby give, devise and bequeath to Mount Pisgah Christian School, https://www.mountpisgahschool.org/, a nonprofit organization located at [address], Federal Tax [number], (ALL OR) ____ percent (___%) of the rest, residue and remainder of my estate to be used for Mount Pisgah Christian School’s general use and purpose.”

  • Contingent Bequest

    “If (PRIMARY BENEFICIARY) does not survive me, then I hereby give, devise and bequeath to Mount Pisgah Christian School, https://www.mountpisgahschool.org/, a nonprofit organization located at [address], Federal Tax [number], __________ (DESCRIPTION OF PROPERTY) to be used for Mount Pisgah Christian School’s general use and purpose.

  • Restricted Beqeust

    If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

    If you are making a restricted bequest, we recommend that your attorney include the following provision to give MPCS flexibility should it no longer be possible for MPCS to use your gift as you originally intended:

    “If, in the judgment of the Board of Trustees of Mount Pisgah Christian School, it shall become impossible for Mount Pisgah Christian School to use this bequest to accomplish the specific purposes of this bequest, Mount Pisgah Christian School may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.”

Mount Pisgah
Christian School

Mount Pisgah Christian School is a Christian school in Johns Creek, Georgia, serving more than 1,000 students, Infant-12th grade. MPCS provides an outstanding college preparatory education, grounded in Christian faith and values.

9820 Nesbit Ferry Rd
Johns Creek, GA 30022-9881
P. (678) 336-3400
E. mpcsmarketing@mountpisgahschool.org