Bequests and Legacy Planning
The importance of bequests and legacy gifts at Reed cannot be understated; the college was established by the will of Amanda Reed over a century ago. Join thousands of alumni, faculty, parents, and friends who have included Reed as part of their legacy.
A bequest is a gift made at death through your estate plan. If you have a will or trust, or plan to create one, consider including a gift for Reed. A bequest can be made for a specific dollar amount, or for a percentage, a fraction, or the balance of your residuary estate. You can give cash, personal property, real estate, securities, insurance policies, or retirement plan assets. Or you may choose to create a trust, providing income to another individual for life, with the trust principal coming to the college upon the death of the income beneficiary.
Creating a bequest gift for Reed
If you are considering a bequest to Reed, meeting with your attorney to draft or update your will is the first step. During this process, please call our office to discuss the best language to use to achieve your philanthropic goals at Reed.
If you have already included Reed in your estate plans, we hope you’ll let us know so we can thank you and ensure that your gift is used exactly as you intend.
Please call Kathy Saitas, advancement counsel and senior director of gift planning, at 503/777-7759, or write to her at firstname.lastname@example.org to inform the college of your intentions or to learn more about including Reed in your charitable planning.
Below is some sample bequest language to help you in your planning process:
Sample testamentary language
A general bequest: "I give (_____dollars) (or a specific asset) (or ____percent of the rest, residue, and remainder of my estate) to the Reed Institute, known as 'Reed College,' Portland, Oregon, for its general purposes."
A bequest for a specific purpose: "I give (_____dollars) (or a specific asset) (or ____percent of the rest, residue, and remainder of my estate) to the Reed Institute, known as 'Reed College,' Portland, Oregon, to be used for the following purpose: (state the purpose, such as to establish an endowed scholarship fund, or to provide unrestricted support.)"
You may leave an unrestricted bequest to Reed, leaving your gift to be used for the college’s highest priority and greatest need at the time of the gift. Or you may also choose to designate your bequest for such purposes as financial aid or faculty and student research. You may even create a named endowed fund with a bequest. Contact us for information on endowment minimums at Reed. Because the needs of the college vary over time, we also request that the gifting language in your will state any specific purpose for your gift as a preference, with the final determination left to the discretion of the trustees of the college.
Executors and Estate Administrators
If you are an executor, estate administrator, trust officer or other professional assisting with distributing assets for an estate that includes Reed College, please contact Kathy Saitas, advancement counsel and senior director of gift planning, at 503/777-7759 or email@example.com for assistance in fulfilling the wishes of the decedent. The college is grateful for the generosity of our alumni and friends who include Reed in their estates and we deeply appreciate the work of professionals who help convey these gifts on their behalf. Visit the professional advisers page for more information.
The information on this site is not intended to provide specific advice about your estate plan or to recommend a specific course of action. We suggest you consult your professional advisers before taking any action, then contact Reed's gift planning office at 503/777-7573 or at firstname.lastname@example.org to learn more about these giving strategies.