Making a Difference…with a Legacy Gift to Forsyth Tech
For nearly 50 years, Forsyth Tech has made a difference in our community — training people for new careers, offering personal enrichment courses like basic computer skills, and helping local businesses with training for their employees.
You can make a difference by helping support Forsyth Tech’s work for the next 50 years, and beyond, by remembering The Forsyth Tech Foundation in your will and estate plans.
Bequests and Gift Planning
In addition to helping with current needs, some friends of the college decide to assist with Forsyth Tech’s future needs by remembering the Forsyth Tech Foundation in their wills and estate planning.
Unless otherwise stipulated, bequests are normally added to the Foundation’s Endowment funds. This means your gift, whatever the amount, will continue to support Forsyth Tech’s mission always.
Often these gifts are a simple bequest in a will. And sometimes people make a gift in other ways, like naming the Foundation as beneficiary of a life insurance policy, or setting up an endowed fund.
Some possible types of gifts are:
An outright bequest in your will to the Forsyth Tech Foundation can be a specified amount, or a certain percentage after other specific bequests are fulfilled. Many people find that this is the best way for them to fulfill their wish to remember Forsyth Tech.
Retirement Accounts and Insurance Policies
Another possible way to remember the College is by making the Forsyth Tech Foundation the beneficiary of a retirement account or a paid-up life insurance policy. If you are considering this type of gift, please remember that you will need to change the beneficiary information on the account or policy. The disposition of these kinds of accounts usually depends upon the beneficiary instructions you have designated on the account, not instructions in your will.
For those with larger estates, a charitable trust can be a useful tool in estate planning. You can create
a Charitable Trust with cash, stock, or other assets, making a significant gift to Forsyth Tech, while also reducing the tax burden for your heirs and your estate.
An endowed fund provides ongoing support for a specific need. For example, an endowed scholarship fund can be created through a bequest of $25,000 or more. A program, lectureship, or other type of fund can be endowed through gifts at higher levels. And of course, an endowed fund can be created through a current gift at this level.
If you are interested in learning more about any of these topics, please contact Edyce Hall, at 336.734.7296 or firstname.lastname@example.org for more information or to request a brochure.