Institutional Advancement
Hager Lifelong Education Center, Rm. A229 · (570) 320-8000 or 1-866-GIVE-2-PC (448-3272)
Remembering Penn College in Your Will or Living Trust
With a will or living trust, you retain complete control over your assets during your lifetime. Amounts left to qualifying charitable organizations may be free of estate and inheritance taxes. You may also make a bequest in honor or memory of someone else, such as a parent, spouse, or child.
There are many ways to make a bequest using a will or living trust. You may give a specific dollar amount, a percentage of the remainder of the estate (or trust assets), or a contingent bequest (paid only if a named person does not survive you). It is also possible to give a specific asset, such as art or real estate.
To assure that Penn College will benefit, you may use one of the following statements in your will:
- I give ___ % of my estate to Pennsylvania College of Technology (IRS Tax ID #_______).
- I give the remainder of my estate to Pennsylvania College of Technology (IRS Tax ID #_______).
- I give $ ________ to Pennsylvania College of Technology (IRS Tax ID #_______).
- I give my assets to my spouse if my spouse survives me, and if he/she predeceases me, I give my assets to Pennsylvania College of Technology (IRS Tax ID #_______).
Please contact the Institutional Advancement Office for IRS Tax ID number information
A copy of the provision is provided to Penn College.
In addition to those who remember Penn College in their wills, many request that, in lieu of flowers, memorial donations be made to the Penn College Scholarship Fund. This gives friends and family the opportunity to honor loved ones with generous contributions that help students and enable the honoree's name to live in perpetuity.
A will or living trust also may be used in combination with other Penn College planned giving options.
The Penn College Institutional Advancement Office is not engaged in providing legal or tax advisory services. This information is of a general character only, and is subject to changes in state and federal tax laws, regulations and interpretations. For advice and assistance in specific cases, you should enlist the services of an attorney or other professional tax or financial adviser(s).