A gift through your will is one way to support Carroll College. A will is a technical document that should be drafted by an attorney, but may be revised and updated as your wishes, philanthropic intentions and circumstances change.

All assets including cash, securities, real estate, and tangible personal property, such as works of art, may be gifted to the college through your estate.

A gift through your estate can be made in the following ways:

Specific bequest: Carroll receives a specific dollar amount, a specific piece of property, or a stated percentage of the estate. This is one of the most popular forms of bequests.

Residuary bequest: Carroll will receive all or a stated percentage of an estate after distribution of specific bequests and payment of debts, taxes, and expenses.

Contingent Bequest: Carroll will receive part or all of the estate under certain specified circumstances.

Trust established under a will: A trust may be established that provides for both the college and other beneficiaries.

Bequests by will may be designated for the college's current use or to establish an endowed fund for specific purposes such as a named scholarship, faculty support, development or designated academic departments. 

Since institutional needs change over time, it is recommended that a specific purpose bequest be stated as a preference, with final determination of fund allocation left to the discretion of the Board of Trustees of Carroll College.

Samples of bequest language: printable version