“A bequest gives you a legacy. I changed Princeton, and Princeton changed me. I want that to be marked.”
-- Sharon Holland ’86
Bequests have helped shape the character of Princeton since 1749, when a gift of five pounds was left to the recently founded college. Campus landmarks ranging from FitzRandolph Gateway to Jadwin Gymnasium were funded through bequests. So, too, were many of the scholarships and endowed professorships that are central to the intellectual vitality of the University.
Let us help you realize your Princeton legacy. Learn how to name Princeton as a beneficiary of your will, find out how retirement plans make the most highly tax-efficient bequest to charity, and be inspired by the stories of some of our bequest donors.
Taking the First Step
Download the Bequest Fact Sheet (pdf) to understand the steps for making a bequest. Members of the gift planning staff are available at 609.258.6318 or email@example.com to discuss your plans, and, should you wish to restrict the purpose of your gift, can provide sample language for you and your attorney to review.
Because Princeton is a tax-exempt institution, assets from your qualified retirement plan pass to the University free of taxes. The University’s tax ID number (EIN) is: 21-0634501.
Princeton’s “Thank You”
The 1746 Society gratefully acknowledges benefactors whose estate gifts to the University show that the future of Princeton is close to their hearts.
If you have already designated Princeton as a beneficiary of your estate, please let us know so that we can welcome you as a member of the 1746 Society.
Making a Bequest
“We believe where a couple decides to direct their lifetime assets is the ultimate testament of what they believe in.”
-- Stephanie Blackburn Freeth ’97 and Tim Freeth ’95
Your bequest can help ensure Princeton’s future. It can also offer practical advantages to you and your heirs, among them that charitable gifts are 100 percent deductible from your taxable estate.
You can make an unrestricted gift that offers Princeton the flexibility to use your funding where it is needed most. Almost half of the bequests received by Princeton are unrestricted. The Office of Gift Planning would also be delighted to help you create a bequest for a purpose close to your heart.
A specific bequest directs a dollar amount or particular assets such as securities, real estate, or tangible personal property (works of art or rare books) to Princeton. The Office of Gift Planning can help you determine whether the University would be able to accept your gifts of real estate or tangible personal property.
Through a residuary bequest, Princeton receives all or a percentage of the remainder of the estate after specific amounts bequeathed to other beneficiaries have been distributed and estate-related expenses have been paid.
A testamentary charitable remainder trust is created through a will and can provide income for a family member or friend. Princeton receives the remainder after either a specified number of years or the trust beneficiary dies. Alternatively, by providing payments first to Princeton for a number of years, a testamentary lead trust can be used to pass assets to heirs with significant tax advantages to the estate.
We encourage you to contact the Office of Gift Planning at 609.258.6318 or firstname.lastname@example.org as a first step. We can help you explore how you can accomplish your bequest intentions for Princeton through gifts of any amount in preparation for a meeting with your attorney or tax advisor.
Information for Estate Attorneys and Administrators
Our legal name is: Trustees of Princeton University
Our tax ID number is: 21-0634501
Our address and contact information for estates and trusts is:
Office of the General Counsel
New South Building, Fourth Floor
Princeton, NJ 08544