Planned Gifts/Heritage Society

The most important aspects of planning your financial future are your needs, and the needs of the people you care about. You can meet those needs while building an enduring legacy for Plymouth State. The Heritage Society honors alumni and friends who have made provisions for Plymouth State in their financial and estate plans. Through their planned gifts, Heritage Society members help sustain progress into the future and maintain the University’s reputation as a distinguished institution of public higher education.

Planned gifts may be designated as endowments for scholarship funds, to support programs or activities, or to be used for capital projects.

I. Bequests
A bequest is most often made through a will or other testamentary provision. Please be sure to consult with our Development team to make certain Plymouth State will be able to honor the terms of your gift as it’s intended.

Your bequest can be given through a:

  • General bequest, where you direct a sum of money or a percentage of your estate to Plymouth State;
  • Specific bequest that directs a specific asset, either a cash amount, percentage of estate, or tangible item to Plymouth State;
  • Residual bequest that allows you to direct all or a portion of your estate to Plymouth State; or
  • Contingent bequest that allows you to direct a portion of your estate to Plymouth State if for some reason the primary intentions of the will cannot be satisfied.

II. Retirement Funds
Donors may name Plymouth as the beneficiary on qualified retirement plan assets, such as a 401(k), 403(b), IRA, Keogh, or pension plan. Please consult with your financial advisor regarding the tax benefits of such gifts.

III. Life Insurance Policies
In the case of life insurance, you may make an outright gift of the policy, or use it as a tool to replace another gifted asset. Please consult with your financial advisor regarding the tax benefits of such gifts.

To learn more about making a planned gift and becoming part of the Heritage Society contact Laure Morris, director of major gifts, at (603) 535-2952.